PM Modi Praises FM Sitharaman's Clear Vision of Indian Economy in Budget Address

Finance Minister Nirmala Sitharaman's Union Budget 2025-26 presentation outlined a comprehensive growth strategy for India, focusing on four key engines: agriculture, MSMEs, investment, and exports. The budget introduces significant reforms across taxation, power, urban development, mining, and the financial sector. Notable measures include the 'Prime Minister Dhan-Dhaanya Krishi Yojana' to boost agricultural productivity, enhanced credit guarantees for MSMEs, and a new income tax regime with zero tax up to ₹12 lakh annual income. The budget also emphasizes infrastructure development, research and innovation, and social sector spending. With a fiscal deficit target of 4.4% of GDP for 2025-26, the government aims to balance growth initiatives with fiscal prudence, positioning India for sustained economic expansion and progress towards becoming a developed nation by 2047.
Source: PIB