Breaking Down the Union Budget
The Union Budget 2025-26 commenced on the floor of the Parliament by Hon’ble Finance Minister to a noisy din of opposition and treasury members shouting. This as per me is the natural ambulation of the messy democracy that somehow works in our country. The little over one hour speech, literally left the best for the last with ‘Maa Lakshmi’ blessing the middle class and the poor with more disposable income in their hands by reducing personal tax rates significantly.
The total expenditure as per the Revised Estimates for 2024-25 has been lower than the budgeted figures which has led to an improvement of the fiscal deficit to 4.8% of GDP as per revised estimates down from 4.9%. The fiscal deficit for 2025-26 has been budgeted at 4.4% of GDP which shows clear signs of better fiscal health of the economy. In the backdrop of global geo-political pressures, a strong economy strengthens India’s position to be the voice of the Global South.
Read the Detailed analysis of Direct and Indirect Taxes, the Major Highlights of the Budget and Industry-wise Impact HERE:
Very informative