India's Union Budget 2025: Major Tax Cuts for Middle Class Spark Economic Optimism

India's Union Budget 2025 has unveiled significant tax cuts aimed at providing relief to the middle class and boosting agricultural investment. Finance Minister Nirmala Sitharaman announced that individuals earning up to ₹12 lakh annually will now pay zero income tax, a move expected to enhance disposable income and stimulate consumption amid rising living costs. This budget not only prioritizes fiscal prudence but also seeks to support economic growth through increased capital spending and welfare initiatives. The government's focus on the middle class marks a pivotal shift in its economic strategy. 

 

Source: Economic Times, Business Today, BBC