The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, introduces significant reforms aimed at stimulating economic growth and enhancing the welfare of various sectors. A notable measure is the increase in the personal income tax exemption limit to ₹12 lakh per annum, up from ₹7 lakh, effectively reducing the tax burden on the middle class and encouraging consumption and savings. The budget identifies four key engines of development: agriculture, Micro, Small, and Medium Enterprises (MSMEs), investment, and exports, aligning with the vision of ‘Viksit Bharat’ (Developed India). In the agricultural sector, the introduction of the ‘Prime Minister Dhan-Dhaanya Krishi Yojana’ aims to cover 100 low agricultural productivity districts, benefiting approximately 1.7 crore farmers. Additionally, the budget proposes a reduction and rationalization of Goods and Services Tax (GST) rates to simplify the tax system and address compliance issues. These initiatives reflect the government’s commitment to fostering inclusive development, enhancing competitiveness, and ensuring fiscal discipline.

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