Direct & indirect tax cuts will improve savings rate in India: Chief Economic Advisor V. Anantha Nageswaran

CEA V. Anantha Nageswaran said tax cuts and GST 2.0 reforms will improve savings and boost domestic demand. Speaking at the Reforms Reloaded 2025 summit, he noted earlier growth reduction estimates of 0.4-0.5% may be lower due to reforms. He projected FY26 GDP growth at the upper end of 6.3–6.8%, supported by tax concessions and employment generation.