PM Modi Focuses on Strengthening Middle Class, Neo-Middle Class with Budget 2025 Tax Relief

Prime Minister Narendra Modi has emphasized his government's commitment to strengthening the middle class and neo-middle class, highlighting that Budget 2025 includes no tax on income up to ₹12 lakh. Modi noted that 25 crore people have moved out of poverty into the neo-middle class, becoming a stro...

Prime Minister Narendra Modi has emphasized his government's commitment to strengthening the middle class and neo-middle class, highlighting that Budget 2025 includes no tax on income up to ₹12 lakh. Modi noted that 25 crore people have moved out of poverty into the neo-middle class, becoming a strong foundation for the nation's progress. He believes the middle class is confident and determined to drive India's journey toward development9. These measures, including raised tax-free income thresholds, aim to ease financial pressures and ensure economic advancement, empowering them to play a crucial role in India's economic growth. Source: Business Today, pib.gov