On Saturday, Finance Minister Nirmala Sitharaman will present the Union Budget for the financial year 2025-26 today, at 11:00 AM. Nirmala Sitharaman will become the first finance minister to present the budget eight consecutive times.
Industry leaders and experts are hoping for measures that drive consumption, incentivize capital expenditure, and support critical sectors such as real estate, MSMEs, healthcare, artificial intelligence (AI), electric vehicles (EVs), and renewable energy. Furthermore, continued fiscal consolidation remains a key expectation.
As per the Economic Survey tabled on Friday, the Indian economy is expected to grow at 6.3-6.8 % in 2025-26. While India will need structural reforms and deregulation to reinforce medium-term growth potential, investment activity is expected to pick up.
Ahead of the Budget, President Droupadi Murmu addressed a joint sitting of Parliament where she said the government has worked with strong determination to lift the economy out of the state of “policy paralysis” despite global concerns such as aftermath of COVID-19 pandemic and war-related uncertainties. During the Budget Session, sixteen bills, including the Finance Bill 2025, amendments to the Waqf and Banking Regulations Act, and the merging of the Indian Railways and Indian Railways Board Acts, will be tabled.
Comments