India to achieve another huge feat..!? What is it?

Sowmiya Sriram
India to achieve another huge feat..!? What is it?

India, which is moving forward with one victory after another, is going to achieve a huge feat in another year. It will surpass japan and become the fourth-largest economy in the world by 2026. This estimate is not made by them but by the industry association. The reason for this is the estimate of the PHDCPI. It has been concluded that the country's economy will register a growth of 6.8 percent in the current financial year ending in March. It is interesting that this estimate by the reserve bank of india is beyond the government's expectations. It is known that the new financial year will start from this April. The growth rate for this financial year (April 1, 2025, to march 31, 2026) is estimated to be 7.7 percent.
India continues to be the fifth largest economy after the US, China, Germany, and Japan. It is said that it will surpass japan next year. On february 1, Union Finance minister Nirmala Sitharaman will present the annual budget for 2025-26 in the Lok Sabha. In this context, the President of the PHD Chamber of Commerce and industry, hemant Jain, made a key announcement. Many interesting points were mentioned in this announcement. Currently, a tax rate of 30 percent is applicable for income above Rs. 15 lakh. However, this level of tax rate should be applied only to those above Rs. 40 lakh. Many points were mentioned such as increasing the income tax exemption limit to Rs. 10 lakh. The middle class has high hopes for this tax exemption.
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