The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, emphasizes transformative reforms aimed at fostering inclusive development, particularly focusing on GYAN—Garib (poor), Youth, Annadata (farmers), and Nari (women). This budget outlines a comprehensive approach to economic growth and social welfare, reflecting the government's commitment to uplift these key demographics.
Key Highlights of the Budget
- Transformative Reforms Across Six Domains: The budget aims to implement reforms in taxation, power sector, urban development, mining, financial sector, and regulatory frameworks. Agriculture is highlighted as a primary engine for growth.
- Focus on Inclusive Development: The initiatives span ten broad areas including agricultural productivity, rural prosperity, manufacturing support, and employment-led development. Specific measures include enhancing credit access for farmers and supporting micro, small, and medium enterprises (MSMEs) through revised classifications and credit guarantees.
- Investment in Education and Technology: Significant allocations are made for educational advancements such as establishing Centres of Excellence in AI for education and expanding broadband connectivity in rural schools. The government plans to set up 50,000 Atal Tinkering Labs in government schools over the next five years.
- Support for Women and Farmers: The budget includes targeted programs for women’s economic participation and initiatives aimed at improving the livelihoods of farmers. This includes a National Mission on High Yielding Seeds to enhance agricultural productivity through climate-resilient practices.
- Fiscal Discipline and Economic Growth: With a total expenditure of ₹50.65 lakh crore, the budget aims to reduce the fiscal deficit to 4.4% of GDP while prioritizing capital investments in infrastructure and social sectors.
- Technological Advancements: The government is set to push forward with initiatives in nuclear energy and advanced technology sectors. A notable announcement is the establishment of a National Nuclear Energy Mission with an investment of ₹20,000 crore.
Overall, the Union Budget 2025-26 is characterized by a strong commitment to inclusive growth, aiming to create a Viksit Bharat (Developed India) by addressing the needs of its most vulnerable populations while also investing in future economic drivers like technology and education.
With inputs from agencies
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