Prime Minister Narendra Modi lauds the Union Budget 2025 as a significant milestone for the middle class. Finance Minister Nirmala Sitharaman echoes this sentiment, highlighting tax cuts aimed at the average household.

The government is trying to boost domestic demand among its vast middle class as food inflation dents disposable income.

Finance Minister Nirmala Sitharaman announced no income tax payable up to Rs 12 lakh under the new regime, offering significant relief to the middle class. The new tax slabs include 5% on Rs 4-8 lakh,

INDIA bloc criticised Budget 2025, highlighting stagnant wages, low consumption, and a complicated GST system, claiming it fails to address key economic issues.

(Reuters) -India plans to cut personal income tax rates to boost middle-class spending power and seeks to increase private investment to strengthen growth, the 2025-26 budget showed on Saturday. The world's fifth-largest economy is expected to post its slowest growth in four years next year amid frail urban demand and weak private investment,