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India’s Big Bang Tax Reform: A Laffer Curve Moment?

Anmol JainFeb 01, 2025, 07:35 PM | Updated 07:35 PM IST
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Finance Minister Nirmala Sitharaman presented the Union Budget

Earlier today, Finance Minister Nirmala Sitharaman delivered a massive tax cut in the Union Budget—Rs 12 lakh income is now tax-free.

But will this turn out to be just a routine relief? Or a bold economic turning point?


The middle class stands to gain, but at a cost of Rs 1.1 lakh crore in revenue. Will this gamble pay off? Will it reshape India’s economic trajectory?

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