Budget 2025-26 focuses on encouraging middle-class consumption. The proposal offers tax relief to individuals with incomes up to ₹12 lakh. At the same time, the Finance Minister maintains a balanced fiscal deficit of 4.8% of GDP for the current year and targets 4.4% for next year. This prudent fiscal management ensures stability and resilience against external shocks.
Capital expenditure remains a priority. The allocation for FY26 has increased to ₹11.21 lakh crore, up from ₹10.18 lakh crore in FY25. Over the past decade, capital spending has been a key growth driver, creating jobs and boosting the economy.
Also Read: Government To Add 75,000 Medical Seats By 2030 In Union Budget 2025-26
The budget takes a multifaceted approach. It targets agriculture, power, mining, exports, financial reforms, and tax changes. The focus is also on emerging sectors like deep-tech, clean energy, and innovation. A notable proposal is allocating ₹20,000 crore for the Nuclear Energy Mission. It aims to set up five small modular nuclear reactors by 2033, with private sector involvement.
The budget also emphasizes growth enablers such as employment, skilling, startups, MSMEs, infrastructure, and women’s empowerment. These steps aim to create a virtuous cycle of consumption and investment, fostering inclusive growth.
Overall, the Budget 2025-26 presents strategies to support all growth engines, ensuring a robust economic future.
Acharya Lokesh was honoured for his outstanding humanitarian efforts and contributions to global peace at…
BJP MP Manoj Tiwari attended an eight-hour Parliamentary Committee meeting on aviation safety, religious tourism,…
Allahabad High Court rules supporting Pakistan is not a crime without anti-India intent under the…
A University of Arizona study suggests that breast milk, though vital for infants, may contribute…
India’s gold reserves rose by $342 million during the week, reaching $84.846 billion, the Reserve…
Every year, the Army, along with CAPFs and local security agencies, undertakes enhanced security measures…