The Union Budget 2025-26 presented by Finance Minister Nirmala Sitharaman on February 1, 2025, has taken important steps towards a ‘developed India’. This budget includes several important provisions such as personal income tax exemptions, new schemes for the agriculture sector, support for the gig economy, investment in infrastructure, and reforms in the energy sector.
Reactions and Viewpoints:
Industry has praised the budget, especially for its focus on strengthening rural infrastructure, manufacturing, and consumer spending. However, challenges such as weakness in urban demand and high food inflation remain, which could impact the 6.3% to 6.8% growth rate projected for the coming fiscal year.
Overall, the Union Budget 2025-26 lays a solid foundation towards making India a developed nation by 2047, with strategic investments and reforms to promote inclusive and sustainable economic growth.
