SHORING UP SLOWING ECONOMY
But some experts believe that was rapidly change, with many more people to be added to India’s client base over the coming century.
” If we look at discretionary spending in India, of course it’s been smaller, it’s been low, because the per capita income in India has still not been a very large quantity”, said Naveen Kulkarni, chief investment officer at stock trader Axis Securities.  ,
” But the government is doing a lot of things- manufacturing, which will create more jobs, taxation structures ( and ) direct benefit transfers, which will help wealth distribution”, he added.
” In the next few decades, we’ll see more people getting added to the unilateral use pizza, and more good we’ll see a pretty strong growth in voluntary use over the next generation”.
The country’s annual gross domestic product ( GDP ) is expected to grow by 6.5 per cent in the current financial year, according to official projections.
The state is even making efforts to help push the economy forward.
In February, India’s Finance Minister Nirmala Sitharaman announced big tax cuts for the middle school in its national budget worthwhile$ 11.5 billion.  ,
People with annual earnings up to 1.2 million pounds may properly be exempt from paying income taxes from April, she said, raising the cap from 700, 000 pounds.  ,
These tax cuts does affect about 10 million people in Asia’s third largest market, according to Bloomberg.