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flag India cuts personal income taxes to spur middle-class spending and boost economic growth.

flag India has reduced personal income tax rates to boost middle-class spending and economic growth, as announced by Finance Minister Nirmala Sitharaman. flag The new tax cuts aim to counter the country's slowest economic growth in four years, partly due to high food inflation and low private investment. flag The changes lower taxes on annual incomes up to 1.5 million rupees and eliminate taxes on incomes up to 1.2 million rupees.

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