Krishna Killa, Founder, Ironclad Asset Management, believes the government is likely to keep increasing the slabs in order to boost discretionary consumption. “Successive budgets have been progressively increasing the slabs to increase disposable income, and that trend is likely to continue in budget 2025. Also, the government could make efforts in order to boost consumption at the bottom of the pyramid, as rural demand has been lagging for a few years now.”
