One of the major highlights is the personal income tax relief, which is a bold move, with the government forgoing nearly ₹1 lakh crore in revenue. This is expected to boost consumption, as taxpayers will have additional spending power, creating a multiplier effect on the economy.
$20 billion of IPOs per year a new normal for India: JP Morgan
Initial public offerings worth USD 20 billion per annum are the “new normal” for India and will become an annualised run rate over the next