New Delhi:
In a significant assertion, Prime Minister Narendra Modi emphasized during a Cabinet meeting that the Budget 2025 is specifically designed to cater to the needs and aspirations of the common man, with a particular focus on the poor, farmers, women, and youth. This declaration sets the stage for a budget that promises substantial economic relief and policy reforms.
The Cabinet meeting, attended by Finance Minister Nirmala Sitharaman and Minister of State (Finance) Pankaj Choudhary, approved the Union Budget, marking a crucial step ahead of its presentation. PM Modi’s statement underscores the government’s commitment to addressing the economic challenges faced by various segments of the population.
Prime Minister Modi reiterated that the Budget 2025 is aimed at fulfilling the aspirations of the poor, farmers, women, and youth. This commitment is reflective of the government’s broader vision to uplift these critical demographic groups. The approval of the Union Budget by the Cabinet signifies a unified approach towards implementing these goals.
The meeting, held just before the budget’s presentation, highlighted the collaborative effort between the finance ministry and the Cabinet. Finance Minister Nirmala Sitharaman, who will present her eighth consecutive budget, and Minister of State (Finance) Pankaj Choudhary were key participants in this crucial discussion.
This budget, the second full budget of PM Modi’s third term, is expected to tackle several pressing economic issues. These include slowing incomes, rising costs, and a slump in consumer spending. The government is anticipated to introduce income tax relief, tax reforms, and support for critical sectors such as agriculture and artificial intelligence.
The Economic Survey, tabled a day prior to the budget presentation, projected a growth rate of 6.3-6.8% for the next financial year, aligning with the long-term vision of achieving sustained economic growth close to 8% annually for at least a decade. This ambitious target underscores the government’s resolve to drive economic growth and development
