Finance Minister Nirmala Sitharaman is presenting a record-breaking eighth consecutive budget, which is anticipated to include measures that alleviate the financial burden on middle class, who are grappling with high prices and stagnant wage growth, while maintaining fiscal prudence.
As per the Economic Survey tabled on Friday, the Indian economy is projected to grow at a robust 6.3-6.8 percent in the fiscal year 2025-26. While structural reforms and deregulation are essential to enhance the medium-term growth potential, investment activity is expected to experience a resurgence.
In the lead-up to the Budget, President Draupadi Murmu addressed a joint sitting of Parliament, emphasizing the government’s unwavering determination to overcome the state of “policy paralysis” despite global challenges such as the aftermath of the COVID-19 pandemic and the uncertainties stemming from the ongoing war.
During the Budget Session, sixteen bill including finance bill 2025, amendments to the Waqf and Banking Regulations Act, and the merger of the Indian Railways and Indian Railways Board Acts, will be presented for consideration.
