The new tax slabs announced by the Finance Minister in the Budget will substantially reduce the taxes of the middle-class, boosting household consumption, savings and investment
Heavy selling pressure hit all major Asian markets: Japan plunged 10%, Seoul dropped over 8%, Taipei fell 4.43%, Jakarta declined nearly 2%, and Hong Kong and Shanghai were down 1.43% and 0.83%, respectively.
The retail volume improvement in August and September has been driven by pent-up demand, positive rural sentiment, shift toward personal mobility and fading impact of price hikes
