Finally the date is here. Finance Minister Nirmala Sitharaman is set to unveil the Union Budget 2025 this Saturday, marking her eighth consecutive presentation. There’s a buzz that the middle class might see some relief in this budget, with potential changes to income tax slabs on the horizon. The focus is likely to be on boosting India’s manufacturing sector as part of the ‘Developed India’ initiative.
Additionally, the budget aims to ease the tax load on the middle class, encourage spending, and keep fiscal discipline in check. Just a heads up, the Union Budget for the financial year 2025-26 is expected to be presented on February 1, 2025, around 11 am.
If you’re looking to stay updated and access budget-related documents, you can grab the Budget App. It’s available for free on the government’s website at www.indiabudget.gov.in.
Here’s how to download the budget app:
1. Go to the website https://www.indiabudget.gov.in/downloadapp.php.
2. If you’re using an Android phone, click on the Android link.
– Make sure your device runs Android version 5.0 or higher.
3. For Apple users, click on the iOS link to download the app.
– It’s compatible with iOS version 10 or above.
4. After selecting the appropriate link, just follow the prompts to access all the info related to the Union Budget FY 2025-2026.
The Economic Survey was shared on Friday, highlighting that India’s GDP growth rate for FY26 is projected to be between 6.3% and 6.8%. The focus is more on boosting domestic growth rather than relying heavily on exports. To reach the goal of a developed India by 2047, the survey suggests aiming for an annual growth rate of 8%, a 35% investment rate, and growth in sectors like manufacturing, AI, robotics, and biotechnology.