India’s automobile sales reached a record high in FY26, boosted by tax cuts, easing interest rates and revised income tax slabs, according to SIAM. Growth spread across vehicle categories: passenger vehicles rose 8%, while exports climbed 24%. Industry leaders expect momentum to continue, even as global uncertainty, geopolitical risks and rising costs remain under watch.
Princeton economist Owen Zidar points to a growing class of “stealthy wealthy” Americans: private business owners who build wealth gradually. He argues U.S. tax cuts disproportionately help this group, while support for lower-income households shrinks—fueling inequality. Zidar also urges investment in the young for long-term prosperity and questions whether tariffs are a sound revenue plan.
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