All eyes on FM Nirmala Sitharaman’s eighth budget; focus on consumption, taxation

Budget 2025 Live Updates: Tax is the key area everyone is keeping an eye on, and there are expectations that the Budget may bring some good news for the middle class. The government is likely to introduce measures aimed at increasing the spending power of middle-income families.Budget 2025 Live Updates: B-DAY has finally here! In just a few hours, Finance Minister Nirmala Sitharaman will make history as the first finance minister in India to present eight consecutive Union Budgets. This comes at a time when the equity market sentiment is low, consumption is weakening, and government capital expenditure remains sluggish.The Budget is expected to focus on boosting the economy and tackling growth challenges, with potential emphasis on high-multiplier sectors.Tax is the key area everyone is keeping an eye on, and there are expectations that the Budget may bring some good news for the middle class. The government is likely to introduce measures aimed at increasing the spending power of middle-income families.The Economic Survey forecasts modest growth of 6.3 to 6.8% for FY26, similar to the projected 6.5% growth in FY25. While it highlights some positive domestic factors, it also points to global risks and advocates for deregulation and grassroots reforms to enhance competitiveness and foster growth.

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