Rich people are spending. Everyone else is cutting corners.

The top 10% of earners now account for roughly half of all consumer spending, according to a report by Moody’s Analytics.
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New Income Tax Act to expand tax base with simpler compliance: Official

The new Income Tax Act is set to expand India's tax base by making compliance simpler for individuals and exempt entities. A senior official stated the new framework, effective April 2026, is concise, ...