Union Budget 2025-26 features a range of duty exemptions and reductions across vital sectors, along with some increases aimed at fostering local production.
Experts believe budget will boost consumption by providing income tax relief to the middle class. Despite this, govt expects total revenue to grow at twice the pace of expenditure.
Calling the budget a roadmap for achieving Prime Minister Narendra Modi’s vision of Viksit Bharat, Jaishankar said it would strengthen Atmanirbhar Bharat & India’s global engagement.
Focusing on well-being of small & marginal farmers, boosting income levels through DBTs, launching crop-specific ‘missions’ are some of Modi govt's measures announced in Budget.
Budget announced that India’s nuclear energy capacity, which is currently 8 GW, will develop to 'at least 100 GW by 2047', by promoting small modular reactors.
The govt laid out a plan to make tourism a key sector for employment-led growth in India. FM Sitharaman announced a plan to develop 50 tourist destinations in the country.
The biggest increase in defence allocation is in the pension category—it constitutes 23.60 percent of the total allocation and stands at Rs 1,60,795 crore.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
COMMENTS