Modinomics

From what I understand of this announcement regarding the New Tax Regime by our Finance Minister in today’s Union Budget 2025 Speech, this is going to be Modi’s most significant gift to the Indian economy; this move is going to register Modinomics ahead of Manmohan Singh’s liberalisation era. What does zero tax bring to the economy? Many small-scale entrepreneurs will start filing income tax returns, thus becoming part of the organised,  white, legitimised economy. Increasing Rs 12 lakhs return will add magical numbers to our GDP & it will not be surprising that GDP will start increasing and maybe double up…