Union Budget 2025: People’s Budget with Tax Relief

Prime Minister Narendra Modi hailed the Union Budget 2025 as a 'people’s budget' that emphasizes tax relief for the middle class, boosting savings, and fostering economic growth through increased consumption and investment. The budget's significant tax reforms, particularly the zero tax up to ₹12 lakh income, are expected to stimulate urban consumption and stabilize the financial situation for middle-class families. Industry leaders in Pune and Telangana praised the budget for its focus on infrastructure, manufacturing, and innovation, aligning with India's long-term economic vision, 'Viksit Bharat 2047'. However, opposition figures like P Chidambaram criticized the budget for neglecting essential sectors such as health and education, and for focusing benefits on taxpayers and voters of Bihar, raising concerns about its broader impact on the population. Despite these criticisms, the budget is viewed favorably for its potential to enhance the ease of doing business and support sectors like agriculture and MSMEs. Overall, the budget reflects a strategic move to address middle-class aspirations while drawing criticism for its limited focus on broader societal needs.