Adi Godrej Calls For Lower Income Tax To Boost Consumer Spending | Read

Industrialist Adi Godrej on Thursday said the government should introduce a stimulus package as well as lower income tax rates to boost consumption in the economy. "Such measures will increase consumers' spending capacity and improve market sentiment," Mr Godrej, chairman of the Godrej Group, told NDTV. The call for further government measures from the billionaire businessman comes at a time the economy is struggling against the lowest rate of expansion in more than six years and lakhs of job cuts due to low consumption.