Budget 2026:Why raising taxes on the super rich could backfire

Last Updated: Jan 12 2026 | 9:02 PM IST

As Budget 2026 approaches, there’s a renewed debate over whether India should raise taxes on the super-rich to shore up government finances. Tax experts, however, are warning that higher surcharges or a return of wealth tax may do more harm than good. Here’s why economists believe such moves could push wealth, talent, and investment out of India.

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