#Modinomics2025

In the Union Budget 2025, Finance Minister Nirmala Sitharaman announced several measures aimed at benefiting the middle class. A landmark change includes no income tax for individuals earning up to Rs 12 lakh annually, effectively increasing disposable income for many. This move is part of a broader tax restructuring where new tax slabs have been introduced to further ease the tax burden on middle-income groups. The standard deduction for salaried employees has been raised, providing additional relief. Moreover, the Budget focuses on enhancing the spending power of the middle class through initiatives in key sectors like healthcare, education, and urban development. The government has proposed significant investments in healthcare infrastructure, including the establishment of new medical seats and cancer care centers, which indirectly supports middle-class families by improving access to quality health services. Education has also seen a boost with plans for expanding educational facilities and lowering the cost of studying abroad through tax relief on education loans. Additionally, the Budget introduces reforms in taxation, aiming for simplification and reduction of compliance burdens, which could benefit middle-class taxpayers in navigating tax obligations more efficiently. These measures collectively aim to stimulate economic growth by empowering the middle class.Union Finance Minister Nirmala Sitharaman on Saturday asserted that there is no reduction in the public spending on capital expenditure. "We continue to place emphasis on the multiplier effect that capital expenditure done by government has shown has sustained us. We continue on that, and with all this, our fiscal prudence has been maintained," she said in press conference hours after presenting the Budget 2024-25. Sitharaman's comments come amid industry disappointment over the lack of significant increases in infrastructure spending. The Budget allocated Rs 2,55,445 crore to the Ministry of Railways for FY26, a negligible rise from Rs 2,55,393 crore in FY25. Similarly, the budget for roads and highways saw only a modest 3% increase, rising to Rs 2,87,333 crore from Rs 2,78,000 crore in the previous fiscal.This muted growth contrasts sharply with expectations. Analysts had anticipated a 10-15% hike in budgetary allocations for these sectors, given India’s aggressive infrastructure expansion goals tied to the Viksit Bharat 2047 vision. The absence of any mention of rail and road infrastructure in Sitharaman’s Budget speech further fueled concerns. Despite this, the Finance Minister emphasised a strategic shift in focus - from direct government spending to reviving public-private partnerships (PPPs) and accelerating asset monetisation.
#BudgetwaytheBTway #Modinomics2025 #BusinessToday #BusinessTodayTV #Budget2025 #BudgetLive #Finance #Economy #StockMarket #IndiaGrowth #EconomicAnalysis #UnionBudget
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