India is likely to witness a $50 billion consumption and savings boost due to the wage revision for central government employees and pensioners in January 2026. Around 3.1 crore people are expected to benefit, with UBS predicting the hike to have a stable impact on India’s fiscal position, favoring savings over consumption. Post navigation IndusInd Bank shares plunge 27%, erase Rs 19,000 crore in market value Carbonated juices to attract 12% GST, not 28%: High court
