{"id":48143,"date":"2025-02-01T15:37:41","date_gmt":"2025-02-01T10:07:41","guid":{"rendered":"https:\/\/theindianinfluencer.com\/index.php\/2025\/02\/01\/zero-tax-revolution-the-start-of-modinomics-to-boost-gdp-growth-and-financial-inclusion\/"},"modified":"2025-02-01T15:37:41","modified_gmt":"2025-02-01T10:07:41","slug":"zero-tax-revolution-the-start-of-modinomics-to-boost-gdp-growth-and-financial-inclusion","status":"publish","type":"post","link":"https:\/\/theindianinfluencer.com\/index.php\/2025\/02\/01\/zero-tax-revolution-the-start-of-modinomics-to-boost-gdp-growth-and-financial-inclusion\/","title":{"rendered":"Zero Tax Revolution: The Start of \u2018Modinomics\u2019 To Boost GDP Growth and Financial Inclusion"},"content":{"rendered":"<div>\n<div>\n<p>From what I understand of this announcement regarding the New Tax Regime by our Finance Minister in today\u2019s Union Budget 2025 Speech, this is going to be Modi\u2019s most significant gift to the Indian economy; this move is\u00a0going to register Modinomics ahead of Manmohan Singh\u2019s liberalisation era.<\/p>\n<p><strong>What does zero tax bring to the economy?<\/strong><\/p>\n<ol>\n<li>Many small-scale entrepreneurs will start filing income tax returns, thus becoming part of the organised, \u00a0white, legitimised economy.<\/li>\n<li>Increasing Rs 12 lakhs return will add magical numbers to our GDP &amp; it will not be surprising that GDP will start increasing and maybe double up within 3 financial years.<\/li>\n<li>More Taxpayers will now become eligible for various home loans, etc; hence, their disposable income will increase with increased repayment capacity within the next 3 years.<\/li>\n<li>This will lift consumption from the Bottom up, again giving a significant boost to the banking, financial, and manufacturing sectors.<\/li>\n<li>This will do what Demonetization could not achieve; it will gradually transform the unaccounted economy into an accountable economy in the next 3 years.<\/li>\n<li>All this cumulatively will increase indirect tax revenue collection for the Central and Respective State Governments.<\/li>\n<\/ol>\n<p><strong>How this budget has the potential to become Modi\u2019s economic masterstroke<\/strong><\/p>\n<p>The new zero-tax regime proposed in the Union Budget 2025 is a game-changer for India\u2019s economy. By incentivizing tax compliance, boosting disposable income, and driving sectoral growth, it promises to reshape the financial landscape. This visionary move could position Modinomics as a landmark era in India\u2019s economic history.<\/p>\n<p><em>The author is the chairman of the diversified Rajat Synergy Group. Views expressed above are the author\u2019s own.<\/em><\/p>\n<p><span data-sheets-root=\"1\"><strong>Author<\/strong>: Rajat Mohan Pathak<\/span><\/p>\n<p>\u00a0<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>From what I understand of this announcement regarding the New Tax Regime by our Finance Minister in today\u2019s Union Budget 2025 Speech, this is going to be Modi\u2019s most significant gift to the Indian economy; this move is\u00a0going to register Modinomics ahead of Manmohan Singh\u2019s liberalisation era. What does zero tax bring to the economy? [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":48144,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[20],"class_list":["post-48143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/posts\/48143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/comments?post=48143"}],"version-history":[{"count":0,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/posts\/48143\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/media\/48144"}],"wp:attachment":[{"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/media?parent=48143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/categories?post=48143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/tags?post=48143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}