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Finance Minister Nermalla Sitaramann will direct the Federation’s budget 2025 today, and it is the eighth consecutive. The fiscal year budget will closely follow April 1 to its measures to support weak economic growth. Another advertisement that has been strongly monitored is reviews of income tax because the middle -class residents are eagerly awaiting any possible decrease.
The speech of Prime Minister Narendra Modi on the first day of the 2025 budget session also sparked speculation about the priorities of his government’s policy during the budget presentation on February 1. The budget focuses on economic relief, tax amendments and expanded social welfare programs.
Modi said: “I pray to God to the goddess Lakshmi to shower with her blessings on the poor and middle class.” Its focus on “inclusion, investment and innovation” indicates the possibility of measures that deal with inflation, tax reforms and women -focused initiatives.
With the continued hyperplasia and the stagnant tax relief in the middle layer pressure in India, the budget may offer 2025 strategies to relieve financial pressure. Experts predict potential changes on income tax boards and increase food subsidies to provide some relief.
Follow all UNINIT 2025 budget updates and developments here:
Economic Survey 2024-25: India Road to Vicett Bharat
The economic survey said that, to achieve its aspirations of becoming “VIKSIT BHARAT” by 2047, India will need to see a growth rate of gross domestic product much higher – 8 per cent for a decade or two decades – from the expected numbers for the 26th year.
The poll said that there are many aspects of domestic investment and the growth of production and inflation in the 26th fiscal year, but there is an equal basis in the negative aspects as well. “However, the basics of the local economy are still strong, with a strong external account, calibration of financial unification and stable consumption.”
Economic Survey 2024-25: food enlargement
Food enlargement has been a significant contribution to high prices in recent years, causing their spending on some foodstuffs. However, the economic survey predicts that the situation must improve by the fourth quarter of the fiscal year 25, as it reduces the prices of vegetables in a seasonal way and the autumn blockade comes.
Economic Survey 2024-25: GDP estimates
The survey pointed out that the growth of the GDP of India for the FY26 is likely to range between 6.3 % and 6.8 %, which is slightly higher than the estimated growth of 6.4 % for the fiscal year 25. Despite the universal uncertainty and the trauma of potential basic commodity prices, it is expressed Wiping that he is optimistic that the Indian economy is on the way to recovery.
