Union Finance Minister Nirmala Sitharaman is presenting her eighth consecutive Budget today. On her way to Rashtrapati Bhavan, Sitharaman showed the tablet containing Budget documents to the media. The nation keenly awaits Sitharaman's Budget speech, expecting a cut or tweak in income tax rates/slabs to ease the burden of the middle class struggling with inflation and stagnant wage growth. Follow Union Budget 2025 LIVE The Economic Survey released on Friday projected India's GDP growth for FY26 at 6.3-6.8%. The Budget is expected to include measures to revive weakening economic growth while being fiscally prudent and boosting consumption. Apart from that, the Budget is likely to give a strong push for investment in manufacturing, infrastructure, and job creation. Custom duty reforms, skill development, and agricultural value chain enhancements are also likely. Ahead of the Budget presentation, "budget live" is one of the the top trending keywords on Google. Follow Income Tax Budget 2025 LIVE The Narendra Modi government's major poll plank, Viksit Bharat by 2047, will require 8% annual growth, a 35% investment rate, and expansion in manufacturing, AI, robotics, and biotechnology. The NDA government's first full-year budget in the third term comes amid geopolitical uncertainties and an economic growth rate declining to a four-year low. Notably, the US has threatened tariffs against countries, including India.
