Budget 2025: Tax Reforms & Economic Outlook | Tuhin Kanta Pandey Exclusive

Tuhin Kanta Pandey, Finance Secretary, Government of India, joins us at the India Today-Business Today Budget Round Table as he peels the layers from the key provisions of Budget 2025. In an exclusive chat with Business Today Editor Siddharth Zarabi, the Secretary talks about the multiplier effect the income tax cuts are likely to have on consumption. A slowdown in demand is said to be a key reason for the recent slowdown in the economy. Tuhin Kanta Pandey also urges the industry to unleash the animal spirits in terms of their investments and approach the government to address any bottlenecks on the path to robust growth. He also emphasises the need for restructuring the Goods and Services Tax (GST) rates and slabs, the role of the Group of Ministers (GoM) in reassessing tax rates, and the challenges in correcting inverted duty structures. Find out about this and more in this exclusive conversation that deciphers the roadmap for India’s tax reforms, fiscal policy, and economic growth post-Budget 2025.