 "Budget 2025: Charting a new growth path as demand rises, concerns remain")
Challenges
- Private consumption in the economy remains non-inclusive with concerns around regional variations and inequality.
- Consumers remain pessimistic regarding the current economic situation possibly due to increased prices of essential items.
Takeaways
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- Tax-relief for the middle class will leave them with more disposable income, boosting household consumption.
- Increased focus on rural development and agriculture should increase rural consumption, alleviating concerns of non-inclusivity.