The Indian government's decision to ease the tax burden for middle-class consumers may not have a large impact on growth, Moody's Ratings said in response to the federal budget.

By Nikunj Ohri, Shivangi Acharya and Sarita Chaganti Singh NEW DELHI (Reuters) -India slashed personal tax rates in its annual budget on Saturday, as the world's fifth largest economy focuses on boosting domestic demand amid uncertainty over the global economic outlook due to potential new tariff barriers.