India budget aims to middle class?

 



๐Ÿ‡ฎ๐Ÿ‡ณ Key Highlights of Union Budget 2025–26

๐Ÿ’ฐ Income Tax Reforms

๐ŸŒพ Agriculture & Rural Developments 

๐Ÿญ MSMEs & Industry

๐Ÿš€ Innovation & Technology

๐ŸŒ Export & Trade Facilitation

๐Ÿ“Š Fiscal Estimates

  • Total Expenditure:
  • Net Tax Receipts:
  • Fiscal Deficit:
  • Capital Expenditure: .

The Union Budget 2025–26, presented by Finance Minister Nirmala Sitharaman on February 1, 2025, focuses on inclusive growth, economic resilience, and empowering key segments of society. The budget emphasizes four primary engines of development: agriculture, MSMEs, investment, and exports .


๐Ÿ‡ฎ๐Ÿ‡ณ Key Highlights of Union Budget 2025–26


๐Ÿ’ฐ Income Tax Reforms


Under the new tax regime, individuals earning up to ₹12.75 lakh annually will pay no income tax, aiming to boost middle-class savings and consumption .


The deduction limit for senior citizens has been doubled from ₹50,000 to ₹1 lakh.


The annual limit for TDS on rent has been increased from ₹2.4 lakh to ₹6 lakh, offering relief to tenants .



The deadline to file updated income tax returns has been extended from 2 years to 4 years .



๐ŸŒพ Agriculture & Rural Development


Launch of the 'Prime Minister Dhan-Dhaanya Krishi Yojana' to benefit 1.7 crore farmers, focusing on 100 low agricultural productivity districts .


A six-year mission to boost pulse production, with a special focus on Tur, Urad, and Masoor, aiming to reduce dependency on imports .


Enhanced credit through Kisan Credit Cards, facilitating short-term loans up to ₹5 lakh for farmers, fishermen, and dairy farmers .


๐Ÿญ MSMEs & Industry


Introduction of customized credit cards with a ₹5 lakh limit for micro-enterprises registered on the Udyam portal .


Credit guarantee cover for MSMEs raised from ₹5 crore to ₹10 crore, ensuring easier access to capital .


Launch of a Focus Product Scheme for the footwear and leather sectors, aiming to facilitate employment for 22 lakh persons and generate a turnover of ₹4 lakh crore .



๐Ÿš€ Innovation & Technology


Allocation of ₹20,000 crore to implement a private sector-driven research, development, and innovation initiative .


Establishment of five National Centres of Excellence for Skilling in cities including Bhubaneswar, Chennai, Hyderabad, Kanpur, and Ludhiana, aiming to train over 20 lakh youths over the next five years .


Investment of ₹500 crore to advance AI, robotics, and cybersecurity, with plans to establish five National Centres of Excellence for Skilling .




๐ŸŒ Export & Trade Facilitation


Exemptions granted for open cells used in LED/LCD TVs, looms for textiles, and capital goods for lithium-ion batteries used in mobile phones and electric vehicles .


A 10-year exemption on goods used for shipbuilding and ships meant for breaking, promoting the maritime industry .


Wet blue leather will be fully exempted from basic customs duties, aiming to promote domestic consumption and enhance exports .



๐Ÿ“Š Fiscal Estimates


Total Expenditure: ₹50.65 lakh crore


Net Tax Receipts: ₹28.37 lakh crore


Fiscal Deficit: 4.4% of GDP


Capital Expenditure: ₹11.21 lakh crore (3.1% of GDP.

      .

๐Ÿ‡ฎ๐Ÿ‡ณ Core Objectives of the Union Budget 2025–26

1. Inclusive Growth under 'Sabka Vikas'

2. Four Pillars of Development

  • Agriculture: .

  • MSMEs: .

  • Investment: .

  • Exports: .

3. Tax Reforms to Boost Consumption

4. Strengthening Infrastructure and Innovation

The Union Budget 2025–26, presented by Finance Minister Nirmala Sitharaman, outlines a strategic roadmap aimed at fostering economic growth, enhancing public welfare, and stimulating private sector investments. The budget identifies four primary engines driving India’s growth: Agriculture, Micro, Small, and Medium Enterprises (MSMEs), Investment, and Exports. These sectors are supported by targeted reforms and initiatives aimed at enhancing productivity and competitiveness .

๐Ÿ‡ฎ๐Ÿ‡ณ Core Objectives of the Union Budget 2025–26

1. Inclusive Growth under 'Sabka Vikas'


The budget emphasizes balanced regional development, focusing on uplifting the poor, youth, farmers, and women. It aims to stimulate household consumption, savings, and investment by enhancing the spending power of India's rising middle class .



2. Four Pillars of Development


Agriculture: Introduction of the 'Prime Minister Dhan-Dhaanya Krishi Yojana' targeting 100 low-productivity districts. A six-year mission to boost pulse production, focusing on Tur, Urad, and Masoor, aims to reduce dependency on imports .


MSMEs: Revision in classification criteria for MSMEs, introduction of customized credit cards with a ₹5 lakh limit for micro-enterprises, and launch of a Focus Product Scheme for the footwear and leather sectors .


Investment: Allocation of ₹20,000 crore to implement a private sector-driven research, development, and innovation initiative. Establishment of five National Centres of Excellence for Skilling in cities including Bhubaneswar, Chennai, Hyderabad, Kanpur, and Ludhiana .



Exports: Exemptions granted for open cells used in LED/LCD TVs, looms for textiles, and capital goods for lithium-ion batteries used in mobile phones and electric vehicles. A 10-year exemption on goods used for shipbuilding and ships meant for breaking .

3. Tax Reforms to Boost Consumption

Under the new tax regime, individuals earning up to ₹12.75 lakh annually will pay no income tax. The deduction limit for senior citizens has been doubled from ₹50,000 to ₹1 lakh. The annual limit for TDS on rent has been increased from ₹2.4 lakh to ₹6 lakh .

4. Strengthening Infrastructure and Innovation

Investment of ₹500 crore to advance AI, robotics, and cybersecurity, with plans to establish five National Centres of Excellence for Skilling. Establishment of a second Gene Bank for Crops Germplasm to ensure future food and nutritional security .






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