Budget 2020: Income tax cut may not be the best option to stimulate growth, says Citi economist
Updated : January 16, 2020 12:31 PM IST
Personal income tax cut would benefit only 2-3 percent of the population and may not be the best option to stimulate growth.
Would be difficult to have large income tax cut if fiscal deficit has to be limited to 3.6% in FY21.
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