Tax relief for India's middle class, but will it stimulate the economy?

Tax relief for India’s middle class, but will it stimulate the economy?

The coalition government led by Indian Prime Minister Narendra Modi has presented its inaugural full-year budget following the loss of an outright majority in parliament last year. Finance Minister Nirmala Sitharaman has unveiled a series of measures to address the challenges of slowing growth, escalating prices, and declining consumption within the middle class of Asia’s…