The Union Budget 2025 has been unveiled, bringing with it a mix of fiscal policies aimed at stimulating economic growth and providing relief to various sectors. Let's delve into the key highlights and assess their potential impact.

Income Tax Reforms:

One of the most notable announcements is the increase in the income tax rebate limit from ₹7 lakh to ₹12 lakh. This move is expected to benefit the urban middle class, providing them with increased disposable income.

indianexpress.com

Capital Expenditure Boost:

The government has allocated ₹11.2 lakh crore for capital expenditure in FY26, accounting for 3.1% of GDP. This significant investment underscores the administration's commitment to infrastructure development and long-term economic growth.

ey.com

Fiscal Deficit and Economic Growth:

The fiscal deficit for FY25 has improved to 4.8% of GDP, a slight decrease from the previously budgeted 4.9%. The economy is projected to grow between 6.3% and 6.8% in the next fiscal year, indicating a positive outlook.

reuters.com

Public Reactions and Memes:

As with previous budgets, the 2025 budget has sparked a flurry of memes and jokes on social media, reflecting the public's engagement and varied perspectives on the announced policies.

timesofindia.indiatimes.com

Conclusion:

While the budget introduces measures aimed at economic stimulation and public welfare, its effectiveness will depend on implementation and external factors. As always, the true impact will unfold in the coming months as policies take effect and the economy responds.