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The Minister of Finance, Nirmala Sitharaman, will cover the 2025 Union Budget today, its eighth consecutive. The budget for the fiscal year as of April 1 will be followed closely for its measures to underpin the weakening of economic growth. Another acute vision announcement would be reviews in the Income Tax, since the middle class population anxiously awaits any possible decrease.
The speech of Prime Minister Narendra Modi on the first day of the 2025 budget session has also caused speculation about the key political priorities of his government during the presentation of the budget on February 1. The discourse of the Prime Minister that highlights the middle class, women and poor gave rise to the hope of a budget focused on economic relief, tax adjustments and welfare programs.
“I pray to the goddess Lakshmi to have the blessings about the poor and the middle class,” said Modi, feeding the expectations of a populist inclination in the next budget. Its emphasis on “inclusion, investment and innovation” suggests the possibility that the measures that address inflation, tax reforms and women -centered initiatives.
As inflation and stagnant tax relief continue to squeeze the middle class of India, the 2025 budget can introduce strategies to relieve financial pressure. Experts predict potential changes in income tax slabs and an increase in food subsidies to provide some relief.
Follow all the updates and developments of Budget Union 2025 here:
Economic Survey 2024-25: The path from India to Viksit Bharat
To achieve his aspirations to become a ‘Vksit Bharat’ by 2047, India would need to see a much higher GDP growth rate, 8 percent for one or two decades, that the figures projected for fiscal year 2016, said the survey economic.
The survey said that there are many advantages for domestic investment, the growth of production and disinflation in fiscal year 26, but there are also equally strong inconveniences, prominently strange. “However, the foundations of the national economy remain solid, with a solid external account, calibrated fiscal consolidation and stable private consumption,” he said.
Economic Survey 2024-25: Food inflation
Food inflation has contributed significant to the increase in prices in recent years, which makes many reconsider their expenses in certain foods. However, the economic survey predicts that the situation should improve in the fourth quarter of fiscal year 2015, as vegetable prices are seasonally relieved and Kharif’s harvest enters.
Economic Survey 2024-25: GDP estimates
The survey suggested that the growth of the GDP of India for FY26 would probably range between 6.3% and 6.8%, slightly higher than the estimated growth of 6.4% for the FY25. Despite the world uncertainties and the possible pricing clashes of basic products, the survey expressed optimism that the economy of India is on the road to recovery.
