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.
Will Smith marked Jackie Chan’s 71st birthday with a fun video featuring a balloon, popper,…
Brahma Kumaris' Chief Administrator and revered spiritual leader, Dadi Maa Ratanmohini ji, passed away at…
Delhi CM Rekha Gupta inaugurated a new water pipeline in BC East, Shalimar Bagh, on…
Indian stock markets opened in the green on Tuesday, with key indices receiving a boost…
US President Donald Trump has escalated tensions in the ongoing trade dispute with China, threatening…
PM Narendra Modi marked the 10th anniversary of the Pradhan Mantri Mudra Yojana (PMMY) on…