💨 Abstract

India's Union Budget for 2025-26 offers a Rs 1 trillion income-tax relief for 43 million taxpayers, constituting 2.5% of the Centre's gross tax revenue. The relief is intended to boost demand and revive growth. The finance minister also aims to keep the fiscal deficit at 4.4% of GDP in the coming year, with a promise to decrease it further.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖