View: Equipping India’s growing workforce with the basics is just as important as capex

This new budget, for example, proposes to cut taxes for the rich as well as the poor. Bringing relief to the lower end of the income spectrum makes perfect political sense at a time when inflation is surging and an election is due in 2024. Yet somehow Finance Minister Nirmala Sitharaman was also able to slash the top effective rate of income tax below 40% and still describe her budget as one for the “middle class.”

View: Equipping India’s growing workforce with the basics is just as important as capex
This new budget, for example, proposes to cut taxes for the rich as well as the poor. Bringing relief to the lower end of the income spectrum makes perfect political sense at a time when inflation is surging and an election is due in 2024. Yet somehow Finance Minister Nirmala Sitharaman was also able to slash the top effective rate of income tax below 40% and still describe her budget as one for the “middle class.”