More Money in Your Pocket, More Power to Spend
New Delhi : Finance Minister Nirmala Sitharaman’s Union Budget 2025-26 marks a pivotal step towards enhancing the financial well-being and quality of life for millions of middle-class families. The substantial tax relief measures, particularly making income up to ₹12 lakh tax-free, will provide essential financial respite to middle-class families, increasing their disposable income, encouraging spending, and promoting overall economic growth. This focus on the middle class addresses a long-standing demand and is a positive step towards a more inclusive and robust economy. I am optimistic that this move will help stem the slowdown in urban consumption and bring it back on the growth track. Additionally, the budget’s emphasis on the agricultural sector, with enhanced support for farmers through increased Kisan Credit Card limits and targeted financial incentives, is commendable. These measures will not only strengthen the agricultural backbone of our country but also ensure food security and sustainable growth in the sector. Overall, I feel the Union Budget 2025-26 paves a transformative path towards ‘Viksit Bharat,’ striking a harmonious balance between economic growth, social welfare, and structural reforms.
The government’s continued focus on rural infrastructure development is another step in the right direction, as it would further boost consumer demand in the hinterland. Providing farmers access to global best practices marks a pivotal step towards modernizing Indian agriculture, promising to enhance yields and farm incomes.