Saralnama
India's Union Budget 2025-26 emphasizes inclusive growth through reforms in agriculture, MSMEs, investment, and exports, aiming for balanced regional development and enhanced household spending power. Key initiatives include increasing foreign direct investment in insurance to 100%, introducing a simplified income tax law to reduce complexity, and supporting sectors like agriculture, travel, tourism, and the gig economy. The budget promotes education and skill development with broadband connectivity for rural secondary schools and recognition of AI's role in employability. Infrastructure projects, energy transition, and tourism development are also prioritized to generate employment and boost economic growth. Tax reforms include rationalizing capital gains tax rates and abolishing angel tax for investors. The government plans to enhance competitiveness in manufacturing and exports, support strategic sectors, and foster innovation through research and development programs. These measures collectively aim to spur consumption, investment momentum, and foreign investor confidence in the Indian economy. (Updated 28 Aug 2025, 09:46 IST; source: link)