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Budget 2025 LIVE Updates: Union Finance Minister Nirmala Sitharaman giving last touches to the Union Budget 2025. (Photo: PTI)
Budget 2025 India LIVE Updates: Finance Minister Nirmala Sitharaman volition beryllium presenting her eighth consecutive Budget today, with a chopped oregon tweak successful income taxation rates/slabs to easiness the load of the mediate people connected the cards. This is besides the Narendra Modi government’s archetypal full-year fund successful the 3rd word and is being presented against the backdrop of geopolitical uncertainties and slowing of the economical maturation complaint to a four-year low.
What are the expectations this year? The Union Budget 2025 is expected to absorption connected boosting India’s manufacturing assemblage nether the ‘Viksit Bharat’ goal. The Budget is besides expected to absorption connected easing the middle-class taxation burden, boosting consumption, and maintaining fiscal prudence. There is simply a beardown propulsion for concern successful manufacturing, infrastructure, and occupation creation. Custom work reforms, accomplishment development, and cultivation worth concatenation enhancements are besides likely.
What has the economical survey said astir growth? The Economic Survey 2024-25 projects India’s GDP maturation for FY26 astatine 6.3-6.8%, emphasizing home maturation implicit exports. Achieving Viksit Bharat by 2047 requires 8% yearly growth, a 35% concern rate, and enlargement successful manufacturing, AI, robotics, and biotechnology.
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