PROMOTING ECONOMIC EXPANSION IN INDIA: THE ROLE OF TAX REDUCTION

This study examines the role of tax reduction in promoting economic
expansion in India. It highlights how lowering taxes enhances disposable
income, stimulates demand, and drives production and employment growth.
The paper explores the multiplier effect of increased consumer spending and
investment, as well as strategies to balance fiscal prudence with growth.
Global examples demonstrate the potential of tax reforms to boost economic
performance. The findings suggest that well-designed tax policies can foster
inclusive growth, strengthen industrial development, and support India’s longterm
economic prosperity.