India's Vision for 2025: Key Highlights of the Union Budget
On February 1, 2025, Finance Minister Nirmala Sitharaman unveiled a transformative Union Budget, focusing on economic reforms that promise long-term growth and prosperity. By emphasizing infrastructure, job creation, tax relief, and innovation, the budget aims to position India as a global leader in the coming years. Here’s a look at the major elements of the Union Budget 2025 and their implications for India’s future. Tax Relief for the Middle Class: Empowering Economic Progress The Union Budget 2025 offers a significant tax relief measure by eliminating income tax for individuals earning up to Rs 12 lakh annually. This change will provide crucial financial relief to the middle class, increasing their disposable income and enabling greater spending power. By reducing the tax burden, the government hopes to stimulate domestic demand, which in turn will drive economic growth and improve living standards for millions of Indians. A Strategic Investment in Infrastructure for Long-Ter...