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rgba(0,0,0,0.15);color:#fff} .widgetData p.commingsoon{min-height:190px;align-items:center;justify-content:center;display:flex;width:100%;font-size:20px;text-transform:capitalize;font-weight:600;color: #ed193b;background-color:#fff3f5;border-radius:10px;} </style><section id="keyFigure" class="clearfix keyFigureSec"><h2 class="budHead tac">Budget 2025: <span class="txt_red">Key Numbers</span></h2><div data-layout="ipl" class="iplWidget"><div class="etabsContent clearfix"><div class="iplcontent active" id="tab1"><div class="widgetData"><div id="iplData"><div class="iplleft es"><div id="ipl_Slider" class="font_faus"><ul><li class="player-card"><a href="https://economictimes.indiatimes.com/news/economy/infrastructure/budget-2025-fm-nirmala-sitharaman-allocates-rs-2-87-lakh-cr-for-fy26-for-roads-and-highways/articleshow/117828255.cms" target="_blank" class="dflex dflexSpcBet dflexalgnCntr cardBoxMain" title="Road & Highways"><div class="oldValueMain"><p class="sectorName">Road & Highways</p><div class="dflex oldValueBox"><div class="dflex oldValueContainer"><span class="oldValueLabel">2024</span><span class="oldValueLabel">% Chg</span></div><div class="dflex oldValueContainer"><span class="oldValue">278000.0</span><span class="oldValue up">3.36%</span></div></div></div><div class="newValueBox"><span class="newValueLabel">2025</span><span class="newValue">287333.0</span><span class="newValueSmbl">(In Crore Rupee)</span></div></a></li><li class="player-card"><a href="https://economictimes.indiatimes.com/news/economy/policy/union-budget-2025-key-numbers-here-are-the-key-numbers-from-nirmala-sitharamans-bahi-khata/articleshow/117812539.cms" target="_blank" class="dflex dflexSpcBet dflexalgnCntr cardBoxMain" title="Govt gross market borrowing"><div class="oldValueMain"><p class="sectorName">Govt gross market borrowing</p><div class="dflex oldValueBox"><div class="dflex oldValueContainer"><span class="oldValueLabel">2024</span><span class="oldValueLabel">% Chg</span></div><div class="dflex oldValueContainer"><span class="oldValue">14.01</span><span class="oldValue up">5.78%</span></div></div></div><div class="newValueBox"><span class="newValueLabel">2025</span><span class="newValue">14.82</span><span class="newValueSmbl">(In Lakh Crore Rupee)</span></div></a></li><li class="player-card"><a href="https://economictimes.indiatimes.com/news/economy/policy/budget-2025-sitharaman-aims-lower-fy26-fiscal-deficit-at-4-4-amid-economic-concerns-tax-collection-targets-market-borrowing-budget-gap-nirmala-sitharaman-fy25-fy26-fiscal-gap-india/articleshow/117819474.cms" target="_blank" class="dflex dflexSpcBet dflexalgnCntr cardBoxMain" title="Fiscal deficit"><div class="oldValueMain"><p class="sectorName">Fiscal deficit</p><div class="dflex oldValueBox"><div class="dflex oldValueContainer"><span class="oldValueLabel">2024</span><span class="oldValueLabel">% Chg</span></div><div class="dflex oldValueContainer"><span class="oldValue">4.8</span><span class="oldValue down">-8.33%</span></div></div></div><div class="newValueBox"><span class="newValueLabel">2025</span><span class="newValue">4.4</span><span class="newValueSmbl">(In percent)</span></div></a></li><li class="player-card"><a href="https://economictimes.indiatimes.com/news/economy/policy/budget-raises-the-bet-on-spending-capex-target-up-by-10-08-to-record-rs-11-21-lakh-crore-for-fy26/articleshow/117821968.cms" target="_blank" class="dflex dflexSpcBet dflexalgnCntr cardBoxMain" title="Capex"><div class="oldValueMain"><p class="sectorName">Capex</p><div class="dflex oldValueBox"><div class="dflex oldValueContainer"><span class="oldValueLabel">2024</span><span class="oldValueLabel">% Chg</span></div><div class="dflex oldValueContainer"><span class="oldValue">1018000.0</span><span class="oldValue up">10.12%</span></div></div></div><div class="newValueBox"><span class="newValueLabel">2025</span><span class="newValue">1121000.0</span><span class="newValueSmbl">(In Crore Rupee)</span></div></a></li><li class="player-card"><a href="https://economictimes.indiatimes.com/news/economy/policy/budget-2025-sitharaman-targets-higher-tax-revenue-in-fy26-to-help-lift-growth-income-tax-corporate-tax-direct-tax-indirect-tax-tax-targets/articleshow/117823345.cms" target="_blank" class="dflex dflexSpcBet dflexalgnCntr cardBoxMain" title="Gross Tax target"><div class="oldValueMain"><p class="sectorName">Gross Tax target</p><div class="dflex oldValueBox"><div class="dflex oldValueContainer"><span class="oldValueLabel">2024</span><span class="oldValueLabel">% Chg</span></div><div class="dflex oldValueContainer"><span class="oldValue">3853455.0</span><span class="oldValue up">10.82%</span></div></div></div><div class="newValueBox"><span class="newValueLabel">2025</span><span class="newValue">4270233.0</span><span class="newValueSmbl">(In Crore Rupee)</span></div></a></li><li class="player-card"><a href="https://economictimes.indiatimes.com/news/economy/policy/budget-2025-sitharaman-targets-higher-tax-revenue-in-fy26-to-help-lift-growth-income-tax-corporate-tax-direct-tax-indirect-tax-tax-targets/articleshow/117823345.cms" target="_blank" class="dflex dflexSpcBet dflexalgnCntr cardBoxMain" title="Direct tax target"><div class="oldValueMain"><p class="sectorName">Direct tax target</p><div class="dflex oldValueBox"><div class="dflex oldValueContainer"><span class="oldValueLabel">2024</span><span class="oldValueLabel">% Chg</span></div><div class="dflex oldValueContainer"><span class="oldValue">2207000.0</span><span class="oldValue up">14.18%</span></div></div></div><div class="newValueBox"><span class="newValueLabel">2025</span><span class="newValue">2520000.0</span><span class="newValueSmbl">(In Crore Rupee)</span></div></a></li><li class="player-card"><a href="https://economictimes.indiatimes.com/news/economy/policy/budget-2025-sitharaman-targets-higher-tax-revenue-in-fy26-to-help-lift-growth-income-tax-corporate-tax-direct-tax-indirect-tax-tax-targets/articleshow/117823345.cms" target="_blank" class="dflex dflexSpcBet dflexalgnCntr cardBoxMain" title="Indirect tax target"><div class="oldValueMain"><p class="sectorName">Indirect tax target</p><div class="dflex oldValueBox"><div class="dflex oldValueContainer"><span class="oldValueLabel">2024</span><span class="oldValueLabel">% Chg</span></div><div class="dflex oldValueContainer"><span class="oldValue">1632999.0</span><span class="oldValue up">7.16%</span></div></div></div><div class="newValueBox"><span class="newValueLabel">2025</span><span class="newValue">1750000.0</span><span class="newValueSmbl">(In Crore Rupee)</span></div></a></li><li class="player-card"><a href="https://economictimes.indiatimes.com/industry/transportation/railways/budget-2025-railways-gets-a-cut-in-paycheck-railway-budget-at-rs-2-55-lk-cr-from-2-62-lk-cr/articleshow/117823497.cms" target="_blank" class="dflex dflexSpcBet dflexalgnCntr cardBoxMain" title="Railway"><div class="oldValueMain"><p class="sectorName">Railway</p><div class="dflex oldValueBox"><div class="dflex oldValueContainer"><span class="oldValueLabel">2024</span><span class="oldValueLabel">% Chg</span></div><div class="dflex oldValueContainer"><span class="oldValue">2.62</span><span class="oldValue down">-2.67%</span></div></div></div><div class="newValueBox"><span class="newValueLabel">2025</span><span class="newValue">2.55</span><span class="newValueSmbl">(In Lakh Crore Rupee)</span></div></a></li><li class="player-card"><a href="https://economictimes.indiatimes.com/news/defence/budget-2025-defence-budget-allocation-hiked-to-rs-6-81-lakh-crore/articleshow/117813752.cms" target="_blank" class="dflex dflexSpcBet dflexalgnCntr cardBoxMain" title="Defence"><div class="oldValueMain"><p class="sectorName">Defence</p><div class="dflex oldValueBox"><div class="dflex oldValueContainer"><span class="oldValueLabel">2024</span><span class="oldValueLabel">% Chg</span></div><div class="dflex oldValueContainer"><span class="oldValue">621940.85</span><span class="oldValue up">9.53%</span></div></div></div><div class="newValueBox"><span class="newValueLabel">2025</span><span class="newValue">681210.0</span><span class="newValueSmbl">(In Crore Rupee)</span></div></a></li><li class="player-card"><a href="https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/union-budget-2025-key-healthcare-moves-for-cancer-treatment-gig-workers-medical-education/articleshow/117822458.cms" target="_blank" class="dflex dflexSpcBet dflexalgnCntr cardBoxMain" title="Health & family welfare"><div class="oldValueMain"><p class="sectorName">Health & family welfare</p><div class="dflex oldValueBox"><div class="dflex oldValueContainer"><span class="oldValueLabel">2024</span><span class="oldValueLabel">% Chg</span></div><div class="dflex oldValueContainer"><span class="oldValue">90659.0</span><span class="oldValue up">8.44%</span></div></div></div><div class="newValueBox"><span class="newValueLabel">2025</span><span class="newValue">98311.0</span><span class="newValueSmbl">(In Crore Rupee)</span></div></a></li><li class="player-card"><a href="https://economictimes.indiatimes.com/news/economy/policy/budget-2025-more-seats-for-medical-colleges-additional-infra-for-iits-other-key-announcements/articleshow/117818381.cms" target="_blank" class="dflex dflexSpcBet dflexalgnCntr cardBoxMain" title="Education"><div class="oldValueMain"><p class="sectorName">Education</p><div class="dflex oldValueBox"><div class="dflex oldValueContainer"><span class="oldValueLabel">2024</span><span class="oldValueLabel">% Chg</span></div><div class="dflex oldValueContainer"><span class="oldValue">120628.0</span><span class="oldValue up">6.65%</span></div></div></div><div class="newValueBox"><span class="newValueLabel">2025</span><span class="newValue">128650.0</span><span class="newValueSmbl">(In Crore Rupee)</span></div></a></li><li class="player-card"><a href="https://economictimes.indiatimes.com/news/economy/policy/union-budget-2025-nirmala-sitharaman-announces-enhanced-support-for-msmes-entrepreneurs/articleshow/117817169.cms" target="_blank" class="dflex dflexSpcBet dflexalgnCntr cardBoxMain" title="MSMEs"><div class="oldValueMain"><p class="sectorName">MSMEs</p><div class="dflex oldValueBox"><div class="dflex oldValueContainer"><span class="oldValueLabel">2024</span><span class="oldValueLabel">% Chg</span></div><div class="dflex oldValueContainer"><span class="oldValue">17306.0</span><span class="oldValue up">33.87%</span></div></div></div><div class="newValueBox"><span class="newValueLabel">2025</span><span class="newValue">23168.0</span><span class="newValueSmbl">(In Crore Rupee)</span></div></a></li></ul></div><div class="nextprev-btn"><i class="prev-btn cSprite btn disable" data-ga-onclick="Button Prev"></i><i class="next-btn cSprite btn flr" data-ga-onclick="Button Next"></i></div></div><div class="ts-dots hidden"><ul><li class="active"><span>1</span></li><li><span>2</span></li><li><span>3</span></li></ul></div></div></div></div></div></div></section><section id="headlines"><div class="clearfix"><div class="head_data clearfix mt20"><a data-ga-onclick="Budget2024#WEB | Budget Headlines | Click#Title | href" href="https://economictimes.indiatimes.com/budget/budget-headlines?adcode=101" target="_blank"><h1 class="flt h1 mt20">Budget Headlines</h1></a><div class="flr clearfix data_box uc" data-ga-action="WEB | Market Band | Click"><div class="mkt_data sprite_b19b flt down sensex"><a target="_blank" href="/indices/sensex_30_companies" data-ga-onclick="Sensex href"><label>SENSEX</label><div><span class="val">76295.36</span><span class="change cSprite_b">-322.08</span></div></a></div><div class="mkt_data sprite_b19b flt down nifty"><a target="_blank" href="/indices/nifty_50_companies" data-ga-onclick="Nifty href"><label>NIFTY</label><div><span class="val">23250.1</span><span class="change cSprite_b">-82.25</span></div></a></div><div class="mkt_data sprite_b19b flt down gold"><a target="_blank" href="/commoditysummary/symbol-GOLD.cms" data-ga-onclick="Gold href"><label>GOLD (Rs/10 GRMS)</label><div><span class="val">90329.0</span><span class="change cSprite_b">-524.00</span></div></a></div></div></div><div data-ga-action="Web | Budget Headines | Click" class="clearfix" id="topStories"><div itemtype="https://schema.org/ItemList" itemscope="itemscope" class="top_container"><div id="lftBlk" class="w300 flt"><div class="stry_big" itemprop="itemListElement" itemscope="itemscope" itemtype="https://schema.org/ListItem"><meta content="1" itemprop="position"><a itemprop="url" 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data-ga-action="Budget byte video click" data-layout="PrimeVideoHome" class="primvideo datalay clearfix"><div id="topNewsTabs" class="etabsView newsTab"><div><div class="etabsContent clearfix"><ul><li data-msid="116906271"><div><div class="vplayer"><iframe class="lazyIframe" src="" data-threshold="300" data-src="/videodash.cms?autostart=0&msid=117851711&rlvideo=81582957&fallBackMute=true&skipad=1&widget=subsriberhome&prerollurl=true"></iframe><div class="vtitle">Budget 2025: Top 10 key takeaways from FM Sitharaman's speech, watch!</div></div><div class="listDiv"><div class="content vid" data-msid="117851711" data-secid1="81582957" data-pid="116906271" data-impression-ga="Budget 2023#Budget byte video impression#1 - href"><div class="imgDiv"><div class="active leayer hide"><span>NOW PLAYING</span></div><span data-ga-onclick="Budget 2023#Budget byte video click#1 - href" target="_blank" class="imgdiv" href="/news/india/budget-2025-top-10-key-takeaways-from-fm-sitharamans-speech-watch/videoshow/117851711.cms"><img width="140" height="109" alt="Budget 2025: Top 10 key takeaways from FM Sitharaman's speech, watch!" align="left" loading="lazy" src="https://img.etimg.com/thumb/msid-117851711,width-250,resizemode-4,imglength-97828/budget-2025-top-10-key-takeaways-from-fm-sitharamans-speech-watch.jpg"><span class="duratio">08:43</span></span></div><a data-ga-onclick="Budget 2023 | Budget byte video click | 1/href" target="_blank" href="/news/india/budget-2025-top-10-key-takeaways-from-fm-sitharamans-speech-watch/videoshow/117851711.cms">Budget 2025: Top 10 key takeaways from FM Sitharaman's speech, watch!</a></div><div class="content vid" data-msid="117831595" data-secid1="81582957" data-pid="116906271" data-impression-ga="Budget 2023#Budget byte video impression#2 - href"><div class="imgDiv"><div class="active leayer hide"><span>NOW PLAYING</span></div><span data-ga-onclick="Budget 2023#Budget byte video click#2 - href" target="_blank" class="imgdiv" href="/news/india/budget-2025-pm-lauds-fms-announcement-of-rs-2-cr-loans-for-1st-time-sc/st-women-entrepreneurs/videoshow/117831595.cms"><img width="140" height="109" alt="Budget 2025: PM lauds FM's announcement of Rs 2 cr loans for 1st time SC/ST & women entrepreneurs" align="left" loading="lazy" src="https://img.etimg.com/thumb/msid-117831595,width-250,resizemode-4,imglength-85446/budget-2025-pm-lauds-fms-announcement-of-rs-2-cr-loans-for-1st-time-sc/st-amp-women-entrepreneurs.jpg"><span class="duratio">04:39</span></span></div><a data-ga-onclick="Budget 2023 | Budget byte video click | 2/href" target="_blank" href="/news/india/budget-2025-pm-lauds-fms-announcement-of-rs-2-cr-loans-for-1st-time-sc/st-women-entrepreneurs/videoshow/117831595.cms">Budget 2025: PM lauds FM's announcement of Rs 2 cr loans for 1st time SC/ST & women entrepreneurs</a></div><div class="content vid" data-msid="117833493" 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here are key highlights</a></div><div class="content vid" data-msid="117822194" data-secid1="81582957" data-pid="116906271" data-impression-ga="Budget 2023#Budget byte video impression#7 - href"><div class="imgDiv"><div class="active leayer hide"><span>NOW PLAYING</span></div><span data-ga-onclick="Budget 2023#Budget byte video click#7 - href" target="_blank" class="imgdiv" href="/news/india/budget-2025-26-36-drugs-for-cancer-rare-diseases-to-be-exempt-from-basic-customs-duty-says-fm-sitharaman/videoshow/117822194.cms"><img width="140" height="109" alt="36 drugs for cancer, rare diseases to be exempt from basic customs duty, says FM Sitharaman" align="left" loading="lazy" src="https://img.etimg.com/thumb/msid-117822194,width-250,resizemode-4,imglength-67488/36-drugs-for-cancer-rare-diseases-to-be-exempt-from-basic-customs-duty-says-fm-sitharaman.jpg"><span class="duratio">03:08</span></span></div><a data-ga-onclick="Budget 2023 | Budget byte video click | 7/href" target="_blank" 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class="active leayer hide"><span>NOW PLAYING</span></div><span data-ga-onclick="Budget 2023#Budget byte video click#10 - href" target="_blank" class="imgdiv" href="/news/india/budget-2025-nuclear-energy-mission-launched-to-drive-clean-energy-transition-100-gw-by-2047/videoshow/117821330.cms"><img width="140" height="109" alt="Budget 2025: Nuclear Energy Mission launched to drive clean energy transition, 100 GW by 2047" align="left" loading="lazy" src="https://img.etimg.com/thumb/msid-117821330,width-250,resizemode-4,imglength-80838/budget-2025-nuclear-energy-mission-launched-to-drive-clean-energy-transition-100-gw-by-2047.jpg"><span class="duratio">02:25</span></span></div><a data-ga-onclick="Budget 2023 | Budget byte video click | 10/href" target="_blank" href="/news/india/budget-2025-nuclear-energy-mission-launched-to-drive-clean-energy-transition-100-gw-by-2047/videoshow/117821330.cms">Budget 2025: Nuclear Energy Mission launched to drive clean energy transition, 100 GW by 2047</a></div><div class="content vid" data-msid="117819702" data-secid1="81582957" data-pid="116906271" data-impression-ga="Budget 2023#Budget byte video impression#11 - href"><div class="imgDiv"><div class="active leayer hide"><span>NOW PLAYING</span></div><span data-ga-onclick="Budget 2023#Budget byte video click#11 - href" target="_blank" class="imgdiv" href="/news/india/budget-2025-fm-announces-agri-reforms-for-1-7-crore-farmers-6-year-pulse-self-reliance-mission/videoshow/117819702.cms"><img width="140" height="109" alt="Budget 2025: FM announces agri reforms for 1.7 crore farmers, 6-year pulse self-reliance mission" align="left" loading="lazy" src="https://img.etimg.com/thumb/msid-117819702,width-250,resizemode-4,imglength-89986/budget-2025-fm-announces-agri-reforms-for-1-7-crore-farmers-6-year-pulse-self-reliance-mission.jpg"><span class="duratio">08:56</span></span></div><a data-ga-onclick="Budget 2023 | Budget byte video click | 11/href" target="_blank" href="/news/india/budget-2025-fm-announces-agri-reforms-for-1-7-crore-farmers-6-year-pulse-self-reliance-mission/videoshow/117819702.cms">Budget 2025: FM announces agri reforms for 1.7 crore farmers, 6-year pulse self-reliance mission</a></div><div class="content vid" data-msid="117818780" data-secid1="81582957" data-pid="116906271" data-impression-ga="Budget 2023#Budget byte video impression#12 - href"><div class="imgDiv"><div class="active leayer hide"><span>NOW PLAYING</span></div><span data-ga-onclick="Budget 2023#Budget byte video click#12 - href" target="_blank" class="imgdiv" href="/news/india/budget-2025-26-proposes-setting-up-of-makhana-board-in-bihar/videoshow/117818780.cms"><img width="140" height="109" alt="Budget 2025-26 proposes setting up of Makhana Board in Bihar" align="left" loading="lazy" src="https://img.etimg.com/thumb/msid-117818780,width-250,resizemode-4,imglength-58082/budget-2025-26-proposes-setting-up-of-makhana-board-in-bihar.jpg"><span class="duratio">02:29</span></span></div><a data-ga-onclick="Budget 2023 | Budget byte video click | 12/href" target="_blank" href="/news/india/budget-2025-26-proposes-setting-up-of-makhana-board-in-bihar/videoshow/117818780.cms">Budget 2025-26 proposes setting up of Makhana Board in Bihar</a></div><div class="content vid" data-msid="117818266" data-secid1="81582957" data-pid="116906271" data-impression-ga="Budget 2023#Budget byte video impression#13 - href"><div class="imgDiv"><div class="active leayer hide"><span>NOW PLAYING</span></div><span data-ga-onclick="Budget 2023#Budget byte video click#13 - href" target="_blank" class="imgdiv" href="/news/india/budget-2025-i-rise-to-table-the-budget-fm-sitharaman-makes-history-with-8th-consecutive-budget/videoshow/117818266.cms"><img width="140" height="109" alt="Budget 2025 | ‘I rise to table the budget’: FM Sitharaman makes history with 8th consecutive budget" align="left" loading="lazy" src="https://img.etimg.com/thumb/msid-117818266,width-250,resizemode-4,imglength-72256/budget-2025-i-rise-to-table-the-budget-fm-sitharaman-makes-history-with-8th-consecutive-budget.jpg"><span class="duratio">04:09</span></span></div><a data-ga-onclick="Budget 2023 | Budget byte video click | 13/href" target="_blank" href="/news/india/budget-2025-i-rise-to-table-the-budget-fm-sitharaman-makes-history-with-8th-consecutive-budget/videoshow/117818266.cms">Budget 2025 | ‘I rise to table the budget’: FM Sitharaman makes history with 8th consecutive budget</a></div><div class="content vid" data-msid="117816014" data-secid1="1106944246" data-pid="116906271" data-impression-ga="Budget 2023#Budget byte video impression#14 - href"><div class="imgDiv"><div class="active leayer hide"><span>NOW PLAYING</span></div><span data-ga-onclick="Budget 2023#Budget byte video click#14 - href" target="_blank" class="imgdiv" href="/news/economy/policy/union-budget-2025-live-fm-nirmala-sitharaman-delivers-modi-3-0s-first-budget-speech-in-parliament/videoshow/117816014.cms"><img width="140" height="109" alt="Union Budget 2025 LIVE: FM Nirmala Sitharaman delivers Modi 3.0’s first budget speech in parliament" align="left" loading="lazy" src="https://img.etimg.com/thumb/msid-117816014,width-250,resizemode-4,imglength-76008/union-budget-2025-live-fm-nirmala-sitharaman-delivers-modi-3-0s-first-budget-speech-in-parliament.jpg"><span class="duratio"></span></span></div><a data-ga-onclick="Budget 2023 | Budget byte video click | 14/href" target="_blank" href="/news/economy/policy/union-budget-2025-live-fm-nirmala-sitharaman-delivers-modi-3-0s-first-budget-speech-in-parliament/videoshow/117816014.cms">Union Budget 2025 LIVE: FM Nirmala Sitharaman delivers Modi 3.0’s first budget speech in parliament</a></div><div class="content vid" data-msid="117814451" data-secid1="81582957" data-pid="116906271" data-impression-ga="Budget 2023#Budget byte video impression#15 - href"><div class="imgDiv"><div class="active leayer hide"><span>NOW PLAYING</span></div><span data-ga-onclick="Budget 2023#Budget byte video click#15 - href" target="_blank" class="imgdiv" href="/news/india/union-budget-2025-fm-nirmala-sitharaman-meets-prez-murmu-ahead-of-budget-presentation/videoshow/117814451.cms"><img width="140" height="109" alt="Union Budget 2025 | FM Sitharaman meets Prez Murmu ahead of Budget presentation" align="left" loading="lazy" src="https://img.etimg.com/thumb/msid-117814451,width-250,resizemode-4,imglength-53532/union-budget-2025-fm-sitharaman-meets-prez-murmu-ahead-of-budget-presentation.jpg"><span class="duratio">03:03</span></span></div><a data-ga-onclick="Budget 2023 | Budget byte video click | 15/href" target="_blank" href="/news/india/union-budget-2025-fm-nirmala-sitharaman-meets-prez-murmu-ahead-of-budget-presentation/videoshow/117814451.cms">Union Budget 2025 | FM Sitharaman meets Prez Murmu ahead of Budget presentation</a></div></div></div></li></ul></div></div></div></div></section></div><div class="clearfix mt40"><div class="budArchrive_cont rhsdesign" data-impression-ga="Budget 2025#WEB | Budget Archives | Impression#url"><div class="wid_header">Budget Archives</div><div class="budArchrive" data-ga-action="WEB | Budget Archives | Click"><a target="_blank" href="https://economictimes.indiatimes.com/budget2024.cms" class="uc" data-ga-onclick="Budget 2024 | href">2024</a><a target="_blank" href="https://economictimes.indiatimes.com/interim-budget-2024" class="uc" data-ga-onclick="Interim Budget 2024 | href">Interim Budget 2024</a><a target="_blank" href="https://economictimes.indiatimes.com/budget2023" data-ga-onclick="2023 | href">2023</a><a target="_blank" href="https://economictimes.indiatimes.com/budget2022" data-ga-onclick="2022 | href">2022</a><a target="_blank" href="https://economictimes.indiatimes.com/budget2021" data-ga-onclick="2021 | href">2021</a><a target="_blank" href="https://economictimes.indiatimes.com/budget2020" data-ga-onclick="2020 | href">2020</a><a target="_blank" href="https://economictimes.indiatimes.com/budget2019" data-ga-onclick="2019 | href">2019</a><a target="_blank" href="https://economictimes.indiatimes.com/interim-budget-2019" class="uc" data-ga-onclick="Interim Budget 2019 | href">Interim Budget 2019</a><a target="_blank" href="https://economictimes.indiatimes.com/budget2018" data-ga-onclick="2018 | href">2018</a><a target="_blank" href="https://economictimes.indiatimes.com/budget2017" data-ga-onclick="2017 | href">2017</a><a target="_blank" href="https://economictimes.indiatimes.com/budget2016" data-ga-onclick="2016 | href">2016</a><div class="clrwh2"></div></div></div></div><section class="clearfix mt40" id="economic_survey"><div data-impression-ga="Economic Survey 2024#WEB | Economic Survey 2025 | Impression#url" data-ga-action="WEB | Economic Survey 2025 | Click" class="mt16" id="budgetIdea"><div class="ideaHeader clearfix"><h2 class="flt fs30" data-ga-onclick="Title | href"><a href="/budget/economic-survey-2025/budgetlist/116906412.cms" target="_blank">Economic Survey 2025</a></h2><div class="nextprev-parent flr"><div class="arw_blk prev-btn disable flt" data-ga-onclick="Previous"><span class="btn_arrow left"></span></div><div class="page_dot flt"><ul></ul></div><div class="arw_blk next-btn flt" data-ga-onclick="Next"><span class="btn_arrow"></span></div></div></div><div class="overh slides clearfix"><ul class="ideaContent clearfix"><li data-ga-onclick="1 | href"><a title="Budget 2025 approved by the Union Cabinet" target="_blank" href="https://economictimes.indiatimes.com/news/economy/policy/budget-2025-approved-by-the-union-cabinet/articleshow/117813450.cms"><img src="https://img.etimg.com/thumb/msid-117813450,width-80,height-80,imgsize-72612/budget-2025-approved-by-the-union-cabinet.jpg" loading="lazy" class="flt" alt="Budget 2025 approved by the Union Cabinet:Image" height="74" width="74"></a><a class="content" title="Budget 2025 approved by the Union Cabinet" target="_blank" href="https://economictimes.indiatimes.com/news/economy/policy/budget-2025-approved-by-the-union-cabinet/articleshow/117813450.cms"><h4 class="wrapLines l2">Budget 2025 approved by the Union Cabinet</h4><p class="wrapLines l4">The Cabinet, led by Prime Minister Narendra Modi, approved the Union Budget 2025, which Finance Minister Nirmala Sitharaman will present today—her eighth consecutive budget. Expectations include price reductions on household items, job creation for youth, and income tax concessions for the salaried class.</p></a></li><li data-ga-onclick="2 | href"><a title="Economic Survey 2025 Highlights: Jobs, growth, fiscal deficit — how Indian economy performed and the way ahead" target="_blank" href="https://economictimes.indiatimes.com/news/economy/policy/economic-survey-2025-highlights-union-budget-check-the-key-pointer-indian-economy-growth-review-fiscal-deficit-income-tax-middle-class/articleshow/117773955.cms"><img src="https://img.etimg.com/thumb/msid-117773955,width-80,height-80,imgsize-37488/economic-survey-2025-highlights-jobs-growth-fiscal-deficit-how-indian-economy-performed-and-the-way-ahead.jpg" loading="lazy" class="flt" alt="Economic Survey 2025 Highlights: Jobs, growth, fiscal deficit — how Indian economy performed and the way ahead:Image" height="74" width="74"></a><a class="content" title="Economic Survey 2025 Highlights: Jobs, growth, fiscal deficit — how Indian economy performed and the way ahead" target="_blank" href="https://economictimes.indiatimes.com/news/economy/policy/economic-survey-2025-highlights-union-budget-check-the-key-pointer-indian-economy-growth-review-fiscal-deficit-income-tax-middle-class/articleshow/117773955.cms"><h4 class="wrapLines l2">Economic Survey 2025 Highlights: Jobs, growth, fiscal deficit — how Indian economy performed and the way ahead</h4><p class="wrapLines l4">Economic Survey Budget 2025 Highlights: India's Economic Survey 2024-25 emphasizes deregulation for growth, citing the impact of global uncertainties. Key highlights include a 6.4% GDP growth, resilient services sector, and improved rural demand. The survey stresses balanced energy transition, AI-driven skilling, and agricultural productivity. The banking sector shows asset quality improvement, with regulatory reforms and investment in infrastructure highlighted.</p></a></li><li data-ga-onclick="3 | href"><a title="Economic Survey: On track to achieve 4% inflation target by FY26" target="_blank" href="https://economictimes.indiatimes.com/news/economy/indicators/economic-survey-on-track-to-achieve-4-inflation-target-by-fy26/articleshow/117802547.cms"><img src="https://img.etimg.com/thumb/msid-117802547,width-80,height-80,imgsize-143772/economic-survey-on-track-to-achieve-4-inflation-target-by-fy26.jpg" loading="lazy" class="flt" alt="Economic Survey: On track to achieve 4% inflation target by FY26:Image" height="74" width="74"></a><a class="content" title="Economic Survey: On track to achieve 4% inflation target by FY26" target="_blank" href="https://economictimes.indiatimes.com/news/economy/indicators/economic-survey-on-track-to-achieve-4-inflation-target-by-fy26/articleshow/117802547.cms"><h4 class="wrapLines l2">Economic Survey: On track to achieve 4% inflation target by FY26</h4><p class="wrapLines l4">India's retail price inflation is projected to progressively align with the 4% target, driven by declining global commodity prices and supply-side improvements. The Economic Survey highlights the need for climate-resilient crops and robust data systems to achieve long-term price stability and manage food inflation effectively.</p></a></li><li data-ga-onclick="4 | href"><a title="Economic Survey: Electronics market still 4% of global pie" target="_blank" href="https://economictimes.indiatimes.com/industry/cons-products/electronics/economic-survey-electronics-market-still-4-of-global-pie/articleshow/117802426.cms"><img src="https://img.etimg.com/thumb/msid-117802426,width-80,height-80,imgsize-337262/economic-survey-electronics-market-still-4-of-global-pie.jpg" loading="lazy" class="flt" alt="Economic Survey: Electronics market still 4% of global pie:Image" height="74" width="74"></a><a class="content" title="Economic Survey: Electronics market still 4% of global pie" target="_blank" href="https://economictimes.indiatimes.com/industry/cons-products/electronics/economic-survey-electronics-market-still-4-of-global-pie/articleshow/117802426.cms"><h4 class="wrapLines l2">Economic Survey: Electronics market still 4% of global pie</h4><p class="wrapLines l4">India has made strides in boosting domestic electronics manufacturing, with programmes like Make in India and Digital India playing crucial roles. The domestic production of electronic goods grew significantly, with a remarkable reduction in smartphone imports. However, the industry has focused primarily on assembly, with limited advancements in design and component manufacturing, representing only 4% of the global market.</p></a></li><li data-ga-onclick="5 | href"><a title="Economic Survey highlights risks of overreliance on China amid supply chain challenges" target="_blank" href="https://economictimes.indiatimes.com/news/economy/policy/economic-survey-highlights-risks-of-overreliance-on-china-amid-supply-chain-challenges/articleshow/117802297.cms"><img src="https://img.etimg.com/thumb/msid-117802297,width-80,height-80,imgsize-80606/economic-survey-highlights-risks-of-overreliance-on-china-amid-supply-chain-challenges.jpg" loading="lazy" class="flt" alt="Economic Survey highlights risks of overreliance on China amid supply chain challenges:Image" height="74" width="74"></a><a class="content" title="Economic Survey highlights risks of overreliance on China amid supply chain challenges" target="_blank" href="https://economictimes.indiatimes.com/news/economy/policy/economic-survey-highlights-risks-of-overreliance-on-china-amid-supply-chain-challenges/articleshow/117802297.cms"><h4 class="wrapLines l2">Economic Survey highlights risks of overreliance on China amid supply chain challenges</h4><p class="wrapLines l4">India faces significant risks due to heavy reliance on Chinese imports across several sectors, posing threats of supply disruptions and economic instability. To mitigate these risks, India aims to bolster its manufacturing sector and attract both local and foreign investments, aligning with its development goals.</p></a></li><li data-ga-onclick="6 | href"><a title="Need to help cos become efficient and reduce costs, says Aastha Gudwani, India chief economist, Barclays" target="_blank" href="https://economictimes.indiatimes.com/news/india/need-to-help-cos-become-efficient-and-reduce-costs-says-aastha-gudwani-india-chief-economist-barclays/articleshow/117802633.cms"><img src="https://img.etimg.com/thumb/msid-117802633,width-80,height-80,imgsize-44438/need-to-help-cos-become-efficient-and-reduce-costs-says-aastha-gudwani-india-chief-economist-barclays.jpg" loading="lazy" class="flt" alt="Need to help cos become efficient and reduce costs, says Aastha Gudwani, India chief economist, Barclays:Image" height="74" width="74"></a><a class="content" title="Need to help cos become efficient and reduce costs, says Aastha Gudwani, India chief economist, Barclays" target="_blank" href="https://economictimes.indiatimes.com/news/india/need-to-help-cos-become-efficient-and-reduce-costs-says-aastha-gudwani-india-chief-economist-barclays/articleshow/117802633.cms"><h4 class="wrapLines l2">Need to help cos become efficient and reduce costs, says Aastha Gudwani, India chief economist, Barclays</h4><p class="wrapLines l4">Taking cues from the economic Survey, here is what we think about the likely bent of the Budget - the budget will continue to focus on job creation via manufacturing), offer incentives for the service sector to diversify the supply chain, opines Aastha Gudwani.</p></a></li><li data-ga-onclick="7 | href"><a title="Eco Survey 2025 warns against shutting down thermal energy" target="_blank" href="https://economictimes.indiatimes.com/industry/renewables/eco-survey-2025-warns-against-shutting-down-thermal-energy/articleshow/117802307.cms"><img src="https://img.etimg.com/thumb/msid-117802307,width-80,height-80,imgsize-837626/eco-survey-2025-warns-against-shutting-down-thermal-energy.jpg" loading="lazy" class="flt" alt="Eco Survey 2025 warns against shutting down thermal energy:Image" height="74" width="74"></a><a class="content" title="Eco Survey 2025 warns against shutting down thermal energy" target="_blank" href="https://economictimes.indiatimes.com/industry/renewables/eco-survey-2025-warns-against-shutting-down-thermal-energy/articleshow/117802307.cms"><h4 class="wrapLines l2">Eco Survey 2025 warns against shutting down thermal energy</h4><p class="wrapLines l4">The preface to the Survey noted that China, US, EU, and countries belonging to the G7 group produce more than half of global greenhouse gas emissions, and these economies rely heavily on each other for environmental goods and technologies. Trade conflicts between these economies will pose major risks to green energy transition, imposing huge costs on the global economy, the Survey said.</p></a></li><li data-ga-onclick="8 | href"><a title="Economic Survey: Deregulate to take off, says Anubhuti Sahay of Standard Chartered Bank" target="_blank" href="https://economictimes.indiatimes.com/news/economy/policy/economic-survey-deregulate-to-take-off-says-anubhuti-sahay-of-standard-chartered-bank/articleshow/117802093.cms"><img src="https://img.etimg.com/thumb/msid-117802093,width-80,height-80,imgsize-23888/economic-survey-deregulate-to-take-off-says-anubhuti-sahay-of-standard-chartered-bank.jpg" loading="lazy" class="flt" alt="Economic Survey: Deregulate to take off, says Anubhuti Sahay of Standard Chartered Bank:Image" height="74" width="74"></a><a class="content" title="Economic Survey: Deregulate to take off, says Anubhuti Sahay of Standard Chartered Bank" target="_blank" href="https://economictimes.indiatimes.com/news/economy/policy/economic-survey-deregulate-to-take-off-says-anubhuti-sahay-of-standard-chartered-bank/articleshow/117802093.cms"><h4 class="wrapLines l2">Economic Survey: Deregulate to take off, says Anubhuti Sahay of Standard Chartered Bank</h4><p class="wrapLines l4">In the late 1970s, the US government's shift to focus on aviation safety significantly reduced accidents and increased air traffic. India's current economic environment suggests a similar approach: reduce regulation to boost commercial freedom and growth. With global uncertainties, counter-cyclical measures like tax cuts could help, but holistic deregulation, including easier land access and labor laws, is crucial.</p></a></li><li data-ga-onclick="9 | href"><a title="Economic Survey: Need to widen scope of EV policies to lower dependence on China" target="_blank" href="https://economictimes.indiatimes.com/industry/renewables/economic-survey-need-to-widen-scope-of-ev-policies-to-lower-dependence-on-china/articleshow/117801994.cms"><img src="https://img.etimg.com/thumb/msid-117801994,width-80,height-80,imgsize-42196/economic-survey-need-to-widen-scope-of-ev-policies-to-lower-dependence-on-china.jpg" loading="lazy" class="flt" alt="Economic Survey: Need to widen scope of EV policies to lower dependence on China:Image" height="74" width="74"></a><a class="content" title="Economic Survey: Need to widen scope of EV policies to lower dependence on China" target="_blank" href="https://economictimes.indiatimes.com/industry/renewables/economic-survey-need-to-widen-scope-of-ev-policies-to-lower-dependence-on-china/articleshow/117801994.cms"><h4 class="wrapLines l2">Economic Survey: Need to widen scope of EV policies to lower dependence on China</h4><p class="wrapLines l4">India needs to expand its electric vehicle (EV) policies to accommodate industry growth and decrease dependence on imported components. The Economic Survey highlighted India's reliance on Chinese imports for EV materials and stressed on building a more self-reliant ecosystem by promoting R&D in advanced battery technologies and securing intellectual property.</p></a></li><li data-ga-onclick="10 | href"><a title="Economic Survey: States must lead 'Ease of Doing Business' 2.0" target="_blank" href="https://economictimes.indiatimes.com/news/economy/policy/economic-survey-states-must-lead-ease-of-doing-business-2-0/articleshow/117801454.cms"><img src="https://img.etimg.com/thumb/msid-117801454,width-80,height-80,imgsize-45346/economic-survey-states-must-lead-ease-of-doing-business-2-0.jpg" loading="lazy" class="flt" alt="Economic Survey: States must lead 'Ease of Doing Business' 2.0:Image" height="74" width="74"></a><a class="content" title="Economic Survey: States must lead 'Ease of Doing Business' 2.0" target="_blank" href="https://economictimes.indiatimes.com/news/economy/policy/economic-survey-states-must-lead-ease-of-doing-business-2-0/articleshow/117801454.cms"><h4 class="wrapLines l2">Economic Survey: States must lead 'Ease of Doing Business' 2.0</h4><p class="wrapLines l4">The Economic Survey for FY25 calls for extensive deregulation to free enterprises from excessive red tape, urging a shift from 'guilty until proven innocent' to 'innocent until proven guilty' regulatory principles. It advocates for state-led initiatives to improve business conditions, emphasizing the need to reduce compliance burdens and embrace risk-based regulations.</p></a></li><li data-ga-onclick="11 | href"><a title="Economic Survey: Fundamentals strong, time to ace China+1 play, says Swaminathan S Aiyar" target="_blank" href="https://economictimes.indiatimes.com/news/economy/policy/economic-survey-fundamentals-strong-time-to-ace-china1-play-says-swaminathan-s-aiyar/articleshow/117801130.cms"><img src="https://img.etimg.com/thumb/msid-117801130,width-80,height-80,imgsize-157818/economic-survey-fundamentals-strong-time-to-ace-china1-play-says-swaminathan-s-aiyar.jpg" loading="lazy" class="flt" alt="Economic Survey: Fundamentals strong, time to ace China+1 play, says Swaminathan S Aiyar:Image" height="74" width="74"></a><a class="content" title="Economic Survey: Fundamentals strong, time to ace China+1 play, says Swaminathan S Aiyar" target="_blank" href="https://economictimes.indiatimes.com/news/economy/policy/economic-survey-fundamentals-strong-time-to-ace-china1-play-says-swaminathan-s-aiyar/articleshow/117801130.cms"><h4 class="wrapLines l2">Economic Survey: Fundamentals strong, time to ace China+1 play, says Swaminathan S Aiyar</h4><p class="wrapLines l4">The Economic Survey anticipates a GDP growth of 6.3-6.8% with manufacturing at 6.2%. It highlights progress in government finances and suggests deregulation for faster growth. Inflation should decrease due to good harvests and international trends. Emphasizing AI potential, the Survey points to challenges in competitiveness and calls for boosting foreign investment amid global economic fragmentation.</p></a></li><li data-ga-onclick="12 | href"><a title="UGC regime not in sync with NEP, says Eco Survey" target="_blank" href="https://economictimes.indiatimes.com/news/india/ugc-regime-not-in-sync-with-nep-says-eco-survey/articleshow/117802134.cms"><img src="https://img.etimg.com/thumb/msid-117802134,width-80,height-80,imgsize-242426/ugc-regime-not-in-sync-with-nep-says-eco-survey.jpg" loading="lazy" class="flt" alt="UGC regime not in sync with NEP, says Eco Survey:Image" height="74" width="74"></a><a class="content" title="UGC regime not in sync with NEP, says Eco Survey" target="_blank" href="https://economictimes.indiatimes.com/news/india/ugc-regime-not-in-sync-with-nep-says-eco-survey/articleshow/117802134.cms"><h4 class="wrapLines l2">UGC regime not in sync with NEP, says Eco Survey</h4><p class="wrapLines l4">It has argued that institutions that desire to stand by their "own hard-won reputations" should be "free to carve out their own path", adding that it is "important to embrace diversity and to trust the genius of faculty and students to come up with frameworks that are novel, creative, and impactful on society".</p></a></li><li data-ga-onclick="13 | href"><a title="Energy transition runs through China, says Economic Survey" target="_blank" href="https://economictimes.indiatimes.com/industry/renewables/energy-transition-runs-through-china-says-economic-survey/articleshow/117793409.cms"><img src="https://img.etimg.com/thumb/msid-117793409,width-80,height-80,imgsize-337578/energy-transition-runs-through-china-says-economic-survey.jpg" loading="lazy" class="flt" alt="Energy transition runs through China, says Economic Survey:Image" height="74" width="74"></a><a class="content" title="Energy transition runs through China, says Economic Survey" target="_blank" href="https://economictimes.indiatimes.com/industry/renewables/energy-transition-runs-through-china-says-economic-survey/articleshow/117793409.cms"><h4 class="wrapLines l2">Energy transition runs through China, says Economic Survey</h4><p class="wrapLines l4">China's significant manufacturing capacity for renewable energy equipment, particularly in solar PVs and batteries, is crucial for the global energy transition. The concentration of supply chains in China poses disruption risks, and ongoing trade conflicts among major economies could jeopardize the green energy transition.</p></a></li><li data-ga-onclick="14 | href"><a title="Self-employed workforce rising in India; reflects shift towards entrepreneurship: Eco Survey" target="_blank" href="https://economictimes.indiatimes.com/news/economy/indicators/self-employed-workforce-rising-in-india-reflects-shift-towards-entrepreneurship-eco-survey/articleshow/117796982.cms"><img src="https://img.etimg.com/thumb/msid-117796982,width-80,height-80,imgsize-18930/self-employed-workforce-rising-in-india-reflects-shift-towards-entrepreneurship-eco-survey.jpg" loading="lazy" class="flt" alt="Self-employed workforce rising in India; reflects shift towards entrepreneurship: Eco Survey:Image" height="74" width="74"></a><a class="content" title="Self-employed workforce rising in India; reflects shift towards entrepreneurship: Eco Survey" target="_blank" href="https://economictimes.indiatimes.com/news/economy/indicators/self-employed-workforce-rising-in-india-reflects-shift-towards-entrepreneurship-eco-survey/articleshow/117796982.cms"><h4 class="wrapLines l2">Self-employed workforce rising in India; reflects shift towards entrepreneurship: Eco Survey</h4><p class="wrapLines l4">The Economic Survey 2024-25 reveals a rise in self-employment among India's workforce from 52.2% in 2017-18 to 58.4% in 2023-24, highlighting increased entrepreneurial activity and preference for flexible work. Programs like Mudra Yojana and Skill India have supported this shift. The number of casual workers also decreased, indicating more structured self-employment forms.</p></a></li><li data-ga-onclick="15 | href"><a title="Eco Survey's focus on deregulation, ease of biz heartening: India Inc" target="_blank" href="https://economictimes.indiatimes.com/news/company/corporate-trends/eco-surveys-focus-on-deregulation-ease-of-biz-heartening-india-inc/articleshow/117794119.cms"><img src="https://img.etimg.com/thumb/msid-117794119,width-80,height-80,imgsize-58136/eco-surveys-focus-on-deregulation-ease-of-biz-heartening-india-inc.jpg" loading="lazy" class="flt" alt="Eco Survey's focus on deregulation, ease of biz heartening: India Inc:Image" height="74" width="74"></a><a class="content" title="Eco Survey's focus on deregulation, ease of biz heartening: India Inc" target="_blank" href="https://economictimes.indiatimes.com/news/company/corporate-trends/eco-surveys-focus-on-deregulation-ease-of-biz-heartening-india-inc/articleshow/117794119.cms"><h4 class="wrapLines l2">Eco Survey's focus on deregulation, ease of biz heartening: India Inc</h4><p class="wrapLines l4">India Inc hailed the Economic Survey, anticipating growth projections of 6.3-6.8% for 2025-2026. Industry leaders expect the Union Budget to drive consumption and investment. Key points include deregulation to enhance competitiveness, infrastructure investments, and boosting AI-related workforce skills. The tourism sector shows strong recovery and positive growth.</p></a></li><li data-ga-onclick="16 | href"><a title="Economic Survey 2024-25: PM Modi highlights India's growth story in numbers" target="_blank" href="https://economictimes.indiatimes.com/news/economy/indicators/economic-survey-2024-25-pm-modi-highlights-indias-growth-story-in-numbers/articleshow/117795766.cms"><img src="https://img.etimg.com/thumb/msid-117795766,width-80,height-80,imgsize-2048439/economic-survey-2024-25-pm-modi-highlights-indias-growth-story-in-numbers.jpg" loading="lazy" class="flt" alt="Economic Survey 2024-25: PM Modi highlights India's growth story in numbers:Image" height="74" width="74"></a><a class="content" title="Economic Survey 2024-25: PM Modi highlights India's growth story in numbers" target="_blank" href="https://economictimes.indiatimes.com/news/economy/indicators/economic-survey-2024-25-pm-modi-highlights-indias-growth-story-in-numbers/articleshow/117795766.cms"><h4 class="wrapLines l2">Economic Survey 2024-25: PM Modi highlights India's growth story in numbers</h4><p class="wrapLines l4">Prime Minister Narendra Modi shared significant insights from the Economic Survey, highlighting major growth in non-fossil fuel power generation, global services share, private spending, and credit for small farmers. Additionally, India witnessed substantial growth in highway development, women's patent filings, and improved rural power supply over the past decade.</p></a></li><li data-ga-onclick="17 | href"><a title="Tap water coverage hits 70%, sewerage coverage reaches 62% in 500 Cities: Economic Survey" target="_blank" href="https://economictimes.indiatimes.com/news/economy/policy/tap-water-coverage-hits-70-sewerage-coverage-reaches-62-in-500-cities-economic-survey/articleshow/117796381.cms"><img src="https://img.etimg.com/thumb/msid-117796381,width-80,height-80,imgsize-29714/tap-water-coverage-hits-70-sewerage-coverage-reaches-62-in-500-cities-economic-survey.jpg" loading="lazy" class="flt" alt="Tap water coverage hits 70%, sewerage coverage reaches 62% in 500 Cities: Economic Survey:Image" height="74" width="74"></a><a class="content" title="Tap water coverage hits 70%, sewerage coverage reaches 62% in 500 Cities: Economic Survey" target="_blank" href="https://economictimes.indiatimes.com/news/economy/policy/tap-water-coverage-hits-70-sewerage-coverage-reaches-62-in-500-cities-economic-survey/articleshow/117796381.cms"><h4 class="wrapLines l2">Tap water coverage hits 70%, sewerage coverage reaches 62% in 500 Cities: Economic Survey</h4><p class="wrapLines l4">Tap water coverage has reached 70% and sewerage coverage 62% in 500 cities under the AMRUT scheme. AMRUT 2.0 was launched to cover all towns with projects worth Rs 1.89 lakh crore. Under PMAY-U, 89 lakh houses were completed. Metro and rapid rail systems are operational in 29 cities, reducing emissions and saving costs. Smart City Mission completed 7,479 projects.</p></a></li><li data-ga-onclick="18 | href"><a title="Swachh Bharat Mission transformed India's sanitation landscape: Economic Survey" target="_blank" href="https://economictimes.indiatimes.com/news/economy/policy/swachh-bharat-mission-transformed-indias-sanitation-landscape-economic-survey/articleshow/117796258.cms"><img src="https://img.etimg.com/thumb/msid-117796258,width-80,height-80,imgsize-7640/swachh-bharat-mission-transformed-indias-sanitation-landscape-economic-survey.jpg" loading="lazy" class="flt" alt="Swachh Bharat Mission transformed India's sanitation landscape: Economic Survey:Image" height="74" width="74"></a><a class="content" title="Swachh Bharat Mission transformed India's sanitation landscape: Economic Survey" target="_blank" href="https://economictimes.indiatimes.com/news/economy/policy/swachh-bharat-mission-transformed-indias-sanitation-landscape-economic-survey/articleshow/117796258.cms"><h4 class="wrapLines l2">Swachh Bharat Mission transformed India's sanitation landscape: Economic Survey</h4><p class="wrapLines l4">The Swachh Bharat Mission has significantly improved sanitation and hygiene practices in India, with 3.64 lakh villages achieving ODF Plus status. The initiative includes effective waste management and rural sanitation efforts, along with enhanced water conservation measures via the Jal Shakti Abhiyan and Jal Jeevan Mission.</p></a></li><li data-ga-onclick="19 | href"><a title="Inflation to align with target progressively: Economic Survey" target="_blank" href="https://economictimes.indiatimes.com/news/economy/indicators/inflation-to-align-with-target-progressively-economic-survey/articleshow/117796192.cms"><img src="https://img.etimg.com/thumb/msid-117796192,width-80,height-80,imgsize-23848/inflation-to-align-with-target-progressively-economic-survey.jpg" loading="lazy" class="flt" alt="Inflation to align with target progressively: Economic Survey:Image" height="74" width="74"></a><a class="content" title="Inflation to align with target progressively: Economic Survey" target="_blank" href="https://economictimes.indiatimes.com/news/economy/indicators/inflation-to-align-with-target-progressively-economic-survey/articleshow/117796192.cms"><h4 class="wrapLines l2">Inflation to align with target progressively: Economic Survey</h4><p class="wrapLines l4">India's Economic Survey notes that inflation will progressively align with the target of 4%, aided by easing global commodity prices and improved agricultural practices. Key measures include developing climate-resilient crops, reducing crop damage, and enhancing yield to tackle production deficits and manage food inflation.</p></a></li><li data-ga-onclick="20 | href"><a title="ISRO's geospatial platforms aiding govt programmes across sectors: Economic Survey" target="_blank" href="https://economictimes.indiatimes.com/news/science/isros-geospatial-platforms-aiding-govt-programmes-across-sectors-economic-survey/articleshow/117795162.cms"><img src="https://img.etimg.com/thumb/msid-117795162,width-80,height-80,imgsize-3600/isros-geospatial-platforms-aiding-govt-programmes-across-sectors-economic-survey.jpg" loading="lazy" class="flt" alt="ISRO's geospatial platforms aiding govt programmes across sectors: Economic Survey:Image" height="74" width="74"></a><a class="content" title="ISRO's geospatial platforms aiding govt programmes across sectors: Economic Survey" target="_blank" href="https://economictimes.indiatimes.com/news/science/isros-geospatial-platforms-aiding-govt-programmes-across-sectors-economic-survey/articleshow/117795162.cms"><h4 class="wrapLines l2">ISRO's geospatial platforms aiding govt programmes across sectors: Economic Survey</h4><p class="wrapLines l4">ISRO's geospatial platforms such as Bhuvan are aiding rural development and urban planning, monitoring infrastructure, and judicial projects. With 56 active space assets, ISRO is advancing India's space capabilities through missions like Gaganyaan, Chandrayaan-4, and the Venus Orbiter Mission while enhancing industry collaboration.</p></a></li><li data-ga-onclick="21 | href"><a title="India needs to take advantage of conducive global situations to be developed nation by 2047: CEA" target="_blank" href="https://economictimes.indiatimes.com/news/economy/policy/india-needs-to-take-advantage-of-conducive-global-situations-to-be-developed-nation-by-2047-cea/articleshow/117794900.cms"><img src="https://img.etimg.com/thumb/msid-117794900,width-80,height-80,imgsize-8828/india-needs-to-take-advantage-of-conducive-global-situations-to-be-developed-nation-by-2047-cea.jpg" loading="lazy" class="flt" alt="India needs to take advantage of conducive global situations to be developed nation by 2047: CEA:Image" height="74" width="74"></a><a class="content" title="India needs to take advantage of conducive global situations to be developed nation by 2047: CEA" target="_blank" href="https://economictimes.indiatimes.com/news/economy/policy/india-needs-to-take-advantage-of-conducive-global-situations-to-be-developed-nation-by-2047-cea/articleshow/117794900.cms"><h4 class="wrapLines l2">India needs to take advantage of conducive global situations to be developed nation by 2047: CEA</h4><p class="wrapLines l4">India aims to leverage favorable global conditions to achieve faster economic growth and become a developed nation by 2047, according to Chief Economic Adviser V Anantha Nageswaran. Despite the current slowdown, India remains the fastest-growing large economy, with projections indicating a growth rate of 6.3 to 6.8 percent for 2025-26.</p></a></li></ul></div></div></section><section class="clearfix mt10" id="EconomicTrends"><style> .graphshow h2{font-size:30px;font-weight:700;line-height:36px;margin:10px 0} .graphshow .head1{padding:10px 15px 15px;display:block;text-align:center;font-size:35px;line-height:55px;font-weight:900;text-transform:uppercase;text-shadow:1px 1px #FFF} .graphshow .head1 span{color:#CF1A1A} .graphshow .tabs{display:flex;align-items:center;border-bottom:2px solid #ddd;white-space:nowrap;overflow:hidden;overflow-x:auto} .graphshow .tabs::-webkit-scrollbar-track{-webkit-box-shadow:inset 0 0 6px rgba(0,0,0,0.3);border-radius:10px;background-color:#F5F5F5} .graphshow .tabs::-webkit-scrollbar{height:5px;background-color:#F5F5F5} .graphshow .tabs::-webkit-scrollbar-thumb{border-radius:10px;-webkit-box-shadow:inset 0 0 6px 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Who did it? Consequences:Image" src="https://img.etimg.com/photo/msid-111111596,imgsize-76616/indias-budget-leaked-in-1950-what-happened-who-did-it-consequences.jpg" loading="lazy"><span class="cSprite multiIcon slideIcon"></span></figure><h3>India's Budget leaked in 1950: What happened? Who did it? Consequences</h3></a></li></ul></div><div class="nextprev-btn"><i data-ga-onclick="Button Prev" class="prev-btn cSprite btn disable"></i><i data-ga-onclick="Button Next" class="next-btn cSprite btn flr"></i></div></div><div class="ts-dots hidden"><ul><li class="active"><span>1</span></li><li><span>2</span></li><li><span>3</span></li></ul></div></div></section><div class="clr budgetFaq mt20" data-ga-action="WAP | Budget FAQs | Click" id="faq_widget"><section itemtype="https://schema.org/FAQPage" itemscope="" id="faq" class="faq_widget"><h2><a target="_blank" href="/budget/budget-faqs">Budget FAQs</a></h2><div itemtype="https://schema.org/Question" itemprop="mainEntity" itemscope=""><div class="question" data-question="1"><span class="quesno">1</span><div itemprop="name" class="ques"><a title="Budget 2025: 25 key terms to know before the big day" target="_blank" href="https://economictimes.indiatimes.com/news/budget-faqs/budget-2025-25-key-terms-to-know-before-the-big-day/articleshow/117257453.cms">Budget 2025: 25 key terms to know before the big day</a><span class="plus_minus_sprite plus_icon"></span></div></div><p itemtype="https://schema.org/Answer" itemprop="acceptedAnswer" itemscope="" data-question="1" class="answer"><span itemprop="text">India Budget Terminologies: Finance Minister Nirmala Sitharaman will present the Union Budget 2025 on February 1. This will be her eighth budget presentation. The article lists key budget terms and their definitions, helping readers understand the components like fiscal deficit, revenue expenditure, direct taxes, etc. It serves as a guide for grasping budget-related concepts.</span></p></div><div itemtype="https://schema.org/Question" itemprop="mainEntity" itemscope=""><div class="question" data-question="2"><span class="quesno">2</span><div itemprop="name" class="ques"><a title="What you need to know about Budget Plan" target="_blank" href="https://economictimes.indiatimes.com/news/budget-faqs/what-you-need-to-know-about-budget-plan/articleshow/116591442.cms">What you need to know about Budget Plan</a><span class="plus_minus_sprite plus_icon"></span></div></div><p itemtype="https://schema.org/Answer" itemprop="acceptedAnswer" itemscope="" data-question="2" class="answer"><span itemprop="text">India's Union Budget, a meticulously planned financial statement, accounts for revenues and expenditures while addressing the nation's diverse needs. It considers past events, future requirements, and stakeholder input, impacting millions across various socioeconomic backgrounds. The budget aims to ensure public welfare and economic growth through prudent forecasting, resource allocation, and efficient fund utilization.</span></p></div><div itemtype="https://schema.org/Question" itemprop="mainEntity" itemscope=""><div class="question" data-question="3"><span class="quesno">3</span><div itemprop="name" class="ques"><a title="Union Budget: Understanding different types of deficits" target="_blank" href="https://economictimes.indiatimes.com/news/budget-faqs/union-budget-understanding-different-types-of-deficits/articleshow/116594362.cms">Union Budget: Understanding different types of deficits</a><span class="plus_minus_sprite plus_icon"></span></div></div><p itemtype="https://schema.org/Answer" itemprop="acceptedAnswer" itemscope="" data-question="3" class="answer"><span itemprop="text">Government deficits signal financial challenges. A fiscal deficit happens when spending surpasses revenue. Revenue deficit arises when regular income can't cover daily expenses. Primary deficit excludes interest payments from fiscal deficit. Governments can address deficits by cutting spending and raising revenue. Understanding deficits is crucial for economic stability.</span></p></div><div itemtype="https://schema.org/Question" itemprop="mainEntity" itemscope=""><div class="question" data-question="4"><span class="quesno">4</span><div itemprop="name" class="ques"><a title="All about fiscal deficit and why it becomes big news before budget" target="_blank" href="https://economictimes.indiatimes.com/news/budget-faqs/budget-2025-all-about-fiscal-deficit-and-why-it-becomes-big-news-before-budget/articleshow/116589859.cms">All about fiscal deficit and why it becomes big news before budget</a><span class="plus_minus_sprite plus_icon"></span></div></div><p itemtype="https://schema.org/Answer" itemprop="acceptedAnswer" itemscope="" data-question="4" class="answer"><span itemprop="text">India Budget 2025: India's fiscal deficit reached 46.5% of its budget estimates in the first seven months of FY2025, amounting to Rs 7.51 lakh crore. While direct tax collections showed robust growth, capital expenditure lagged behind at 42% of the target. FY24's fiscal deficit was lower than projected, with net tax receipts exceeding targets and total expenditure slightly below.</span></p></div><div itemtype="https://schema.org/Question" itemprop="mainEntity" itemscope=""><div class="question" data-question="5"><span class="quesno">5</span><div itemprop="name" class="ques"><a title="Why standard deduction becomes a topic of high interest before every budget" target="_blank" href="https://economictimes.indiatimes.com/news/budget-faqs/budget-2025-why-standard-deduction-becomes-a-topic-of-high-interest-before-every-budget/articleshow/116589217.cms">Why standard deduction becomes a topic of high interest before every budget</a><span class="plus_minus_sprite plus_icon"></span></div></div><p itemtype="https://schema.org/Answer" itemprop="acceptedAnswer" itemscope="" data-question="5" class="answer"><span itemprop="text">Budget: There is a reason why people demand standard deduction before every Budget. If you are a businessperson, you can bring down your taxable income by deducting all provable business-related expenses. Some people push the limits with these deductions, including expenses that may not directly relate to their business. Salaried people have fewer tax-free allowances compared to business owners.</span></p></div><div itemtype="https://schema.org/Question" itemprop="mainEntity" itemscope=""><div class="question" data-question="6"><span class="quesno">6</span><div itemprop="name" class="ques"><a title="A corporate tax cut coming this time? Here's how things stack up" target="_blank" href="https://economictimes.indiatimes.com/news/budget-faqs/budget-2025-a-corporate-tax-cut-coming-this-time-heres-how-things-stack-up/articleshow/116588961.cms">A corporate tax cut coming this time? Here's how things stack up</a><span class="plus_minus_sprite plus_icon"></span></div></div><p itemtype="https://schema.org/Answer" itemprop="acceptedAnswer" itemscope="" data-question="6" class="answer"><span itemprop="text">Budget: India's direct tax collections surged by 16.45% to over Rs 15.82 lakh crore by mid-December, fueled by growth in both corporate and individual tax payments. This positive fiscal outlook sparks anticipation of a potential corporate tax cut in the upcoming 2025 budget.</span></p></div><div itemtype="https://schema.org/Question" itemprop="mainEntity" itemscope=""><div class="question" data-question="7"><span class="quesno">7</span><div itemprop="name" class="ques"><a title="Dividend Distribution Tax - What it was & how it's taxed now" target="_blank" href="https://economictimes.indiatimes.com/news/budget-faqs/budget-2025-dividend-distribution-tax-what-it-was-how-its-taxed-now/articleshow/116501784.cms">Dividend Distribution Tax - What it was & how it's taxed now</a><span class="plus_minus_sprite plus_icon"></span></div></div><p itemtype="https://schema.org/Answer" itemprop="acceptedAnswer" itemscope="" data-question="7" class="answer"><span itemprop="text">Dividend taxation in India underwent a significant change starting in FY21. Previously, companies paid a dividend distribution tax, exempting individual investors earning up to ₹10 lakh in dividends annually. Now, dividends are fully taxable for investors, with companies deducting a 10% TDS if dividend income exceeds ₹5,000 in a financial year.</span></p></div><div itemtype="https://schema.org/Question" itemprop="mainEntity" itemscope=""><div class="question" data-question="8"><span class="quesno">8</span><div itemprop="name" class="ques"><a title="Understanding GST and its impact on India's Budget" target="_blank" href="https://economictimes.indiatimes.com/news/budget-faqs/budget-2025-understanding-gst-and-its-impact-on-indias-budget/articleshow/116501473.cms">Understanding GST and its impact on India's Budget</a><span class="plus_minus_sprite plus_icon"></span></div></div><p itemtype="https://schema.org/Answer" itemprop="acceptedAnswer" itemscope="" data-question="8" class="answer"><span itemprop="text">India's Goods and Services Tax (GST), implemented in 2017, is a crucial revenue source for the government. Strong GST collections, like the ₹1.82 lakh crore in November 2024, indicate a healthy economy. These collections directly impact government spending and budget planning, influencing development and welfare programs. Meeting or exceeding collection targets is vital for funding national growth initiatives.</span></p></div><div itemtype="https://schema.org/Question" itemprop="mainEntity" itemscope=""><div class="question" data-question="9"><span class="quesno">9</span><div itemprop="name" class="ques"><a title="What is subvention and how does it work?" target="_blank" href="https://economictimes.indiatimes.com/news/budget-faqs/what-is-subvention-and-how-does-it-work/articleshow/116500876.cms">What is subvention and how does it work?</a><span class="plus_minus_sprite plus_icon"></span></div></div><p itemtype="https://schema.org/Answer" itemprop="acceptedAnswer" itemscope="" data-question="9" class="answer"><span itemprop="text">The government provides financial aid called subvention to reduce loan interest. This helps farmers access affordable loans. The Interest Subvention Scheme assists farmers with short-term loans at lower rates. This scheme supports rural livelihoods. It covers the Kharif season from 2006-07 through 2024-25. The government also helps farmers after natural disasters by covering interest on restructured loans.</span></p></div><div itemtype="https://schema.org/Question" itemprop="mainEntity" itemscope=""><div class="question" data-question="10"><span class="quesno">10</span><div itemprop="name" class="ques"><a title="Budget 2025: Will FM Nirmala Sitharaman increase 'sin tax'?" target="_blank" href="https://economictimes.indiatimes.com/news/budget-faqs/budget-2025-will-fm-nirmala-sitharaman-increase-sin-tax/articleshow/116500578.cms">Budget 2025: Will FM Nirmala Sitharaman increase 'sin tax'?</a><span class="plus_minus_sprite plus_icon"></span></div></div><p itemtype="https://schema.org/Answer" itemprop="acceptedAnswer" itemscope="" data-question="10" class="answer"><span itemprop="text">The Indian government held steady on sin taxes for tobacco in the latest budget. Cigarette taxes remained unchanged. A proposed 35% GST on sin goods like tobacco and aerated drinks is under consideration. This could hike prices. India's tobacco taxes are below the WHO's recommended 75% of retail price.</span></p></div><div itemtype="https://schema.org/Question" itemprop="mainEntity" itemscope=""><div class="question" data-question="11"><span class="quesno">11</span><div itemprop="name" class="ques"><a title="India's healthcare budget: A breakdown of spending on public health" target="_blank" href="https://economictimes.indiatimes.com/news/budget-faqs/indias-healthcare-budget-a-breakdown-of-spending-on-public-health/articleshow/116499482.cms">India's healthcare budget: A breakdown of spending on public health</a><span class="plus_minus_sprite plus_icon"></span></div></div><p itemtype="https://schema.org/Answer" itemprop="acceptedAnswer" itemscope="" data-question="11" class="answer"><span itemprop="text">India's healthcare budget for 2024-25 saw a 2% rise to Rs 90,958 crore, prioritizing infrastructure, existing programs, and maternal/child health. The National Health Mission, AB-PMJAY, and health infrastructure received significant funding boosts. However, human resources and medical education faced budget cuts, while pharmaceuticals and traditional medicine saw increased support.</span></p></div><div itemtype="https://schema.org/Question" itemprop="mainEntity" itemscope=""><div class="question" data-question="12"><span class="quesno">12</span><div itemprop="name" class="ques"><a title="What is the 'Four Balance Sheet Challenge,' and is India still struggling with it?" target="_blank" href="https://economictimes.indiatimes.com/news/budget-faqs/what-is-the-four-balance-sheet-challenge-and-is-india-still-struggling-with-it/articleshow/116491709.cms">What is the 'Four Balance Sheet Challenge,' and is India still struggling with it?</a><span class="plus_minus_sprite plus_icon"></span></div></div><p itemtype="https://schema.org/Answer" itemprop="acceptedAnswer" itemscope="" data-question="12" class="answer"><span itemprop="text">India's economy, once burdened by a "Four Balance Sheet Challenge" involving banks, infrastructure companies, NBFCs, and real estate firms, has seen a remarkable turnaround. The initial "Twin Balance Sheet Problem" stemming from stressed bank loans and struggling infrastructure projects expanded to include the NBFC and real estate sectors.</span></p></div><div itemtype="https://schema.org/Question" itemprop="mainEntity" itemscope=""><div class="question" data-question="13"><span class="quesno">13</span><div itemprop="name" class="ques"><a title="Budget vs. Vote on Account - What's the difference?" target="_blank" href="https://economictimes.indiatimes.com/news/budget-faqs/budget-2025-budget-vs-vote-on-account-whats-the-difference/articleshow/116474494.cms">Budget vs. Vote on Account - What's the difference?</a><span class="plus_minus_sprite plus_icon"></span></div></div><p itemtype="https://schema.org/Answer" itemprop="acceptedAnswer" itemscope="" data-question="13" class="answer"><span itemprop="text">Governments use Budget and Vote on Account for financial planning. A full budget is a comprehensive yearly financial plan. It details past income and expenses, and sets future goals. A vote on account is a temporary measure. It covers essential expenses during transitions, like elections. It ensures government operations continue without major financial changes.</span></p></div><div itemtype="https://schema.org/Question" itemprop="mainEntity" itemscope=""><div class="question" data-question="14"><span class="quesno">14</span><div itemprop="name" class="ques"><a title="What is FRBM Act and why it is always discussed during Budget talks?" target="_blank" href="https://economictimes.indiatimes.com/news/budget-faqs/budget-2025-what-is-frbm-act-and-why-it-is-always-discussed-during-budget-talks/articleshow/116473827.cms">What is FRBM Act and why it is always discussed during Budget talks?</a><span class="plus_minus_sprite plus_icon"></span></div></div><p itemtype="https://schema.org/Answer" itemprop="acceptedAnswer" itemscope="" data-question="14" class="answer"><span itemprop="text">The Fiscal Responsibility and Budget Management Act, 2003, enacted to maintain fiscal discipline in India, faced challenges and amendments. Introduced in 2000 and implemented in 2004, the act aimed to reduce fiscal deficit and promote transparency. The COVID-19 pandemic disrupted fiscal targets, leading to a revised consolidation plan aiming for deficit reduction by 2025-26.</span></p></div><div itemtype="https://schema.org/Question" itemprop="mainEntity" itemscope=""><div class="question" data-question="15"><span class="quesno">15</span><div itemprop="name" class="ques"><a title="What is fiscal policy? How does it differ from monetary policy?" target="_blank" href="https://economictimes.indiatimes.com/news/budget-faqs/budget-2025-what-is-fiscal-policy/articleshow/116472773.cms">What is fiscal policy? How does it differ from monetary policy?</a><span class="plus_minus_sprite plus_icon"></span></div></div><p itemtype="https://schema.org/Answer" itemprop="acceptedAnswer" itemscope="" data-question="15" class="answer"><span itemprop="text">Fiscal policy, the government's revenue and spending plan, aims to maintain a healthy economy. Deficits, addressed through borrowing or reserves, can arise from increased spending during economic downturns. The government uses fiscal policy to control inflation, generate employment, boost investments, collect revenue, encourage savings, and reduce income inequality, contributing significantly to India's economic growth and development.</span></p></div><div itemtype="https://schema.org/Question" itemprop="mainEntity" itemscope=""><div class="question" data-question="16"><span class="quesno">16</span><div itemprop="name" class="ques"><a title="Understanding three types of budgets: Advantages & disadvantages" target="_blank" href="https://economictimes.indiatimes.com/news/budget-faqs/understanding-three-types-of-budgets-advantages-disadvantages/articleshow/116438756.cms">Understanding three types of budgets: Advantages & disadvantages</a><span class="plus_minus_sprite plus_icon"></span></div></div><p itemtype="https://schema.org/Answer" itemprop="acceptedAnswer" itemscope="" data-question="16" class="answer"><span itemprop="text">Government budgets, categorized as balanced, surplus, or deficit, serve as financial roadmaps for resource allocation. Balanced budgets promote stability but lack flexibility. Surplus budgets indicate strong fiscal health but may lead to higher taxes. Deficit budgets, common in developing nations, can stimulate growth during recessions but risk increasing debt.</span></p></div><div itemtype="https://schema.org/Question" itemprop="mainEntity" itemscope=""><div class="question" data-question="17"><span class="quesno">17</span><div itemprop="name" class="ques"><a title="What is deficit financing and why is it necessary in some countries?" target="_blank" href="https://economictimes.indiatimes.com/news/budget-faqs/what-is-deficit-financing-and-why-is-it-necessary-in-some-countries/articleshow/116427514.cms">What is deficit financing and why is it necessary in some countries?</a><span class="plus_minus_sprite plus_icon"></span></div></div><p itemtype="https://schema.org/Answer" itemprop="acceptedAnswer" itemscope="" data-question="17" class="answer"><span itemprop="text">Governments use deficit financing, borrowing or printing money, to cover budget shortfalls and stimulate economic growth. While crucial for development, particularly in countries like India, it carries risks. Excessive deficit financing can fuel inflation, impacting investments and widening socioeconomic disparities, potentially harming long-term stability.</span></p></div><div itemtype="https://schema.org/Question" itemprop="mainEntity" itemscope=""><div class="question" data-question="18"><span class="quesno">18</span><div itemprop="name" class="ques"><a title="What is Public Debt, and how does the Debt-to-GDP Ratio work?" target="_blank" href="https://economictimes.indiatimes.com/news/budget-faqs/what-is-public-debt-and-how-does-the-debt-to-gdp-ratio-work/articleshow/116420450.cms">What is Public Debt, and how does the Debt-to-GDP Ratio work?</a><span class="plus_minus_sprite plus_icon"></span></div></div><p itemtype="https://schema.org/Answer" itemprop="acceptedAnswer" itemscope="" data-question="18" class="answer"><span itemprop="text">India's public debt, a mix of internal and external borrowing, is used to fund developmental projects when government revenue falls short. The debt-to-GDP ratio, a key indicator of economic health, decreased to 18.7% in March 2025. The government continues efforts to manage this ratio, aiming for a target of 60% as recommended by the NK Singh Committee.</span></p></div><div itemtype="https://schema.org/Question" itemprop="mainEntity" itemscope=""><div class="question" data-question="19"><span class="quesno">19</span><div itemprop="name" class="ques"><a title="How is the Union Budget prepared? Here are its key components and the process" target="_blank" href="https://economictimes.indiatimes.com/news/budget-faqs/budget-2025-how-is-the-union-budget-prepared-here-are-its-key-components-and-the-process/articleshow/116394507.cms">How is the Union Budget prepared? Here are its key components and the process</a><span class="plus_minus_sprite plus_icon"></span></div></div><p itemtype="https://schema.org/Answer" itemprop="acceptedAnswer" itemscope="" data-question="19" class="answer"><span itemprop="text">India's annual budget is a major financial plan. It outlines the government's expected spending and income. The budget-making process involves many groups. It considers public welfare, defense, and salaries. Taxes and borrowing fund government programs. A good budget predicts costs carefully. It also adapts to changes. The budget aims for efficient use of resources.</span></p></div><div itemtype="https://schema.org/Question" itemprop="mainEntity" itemscope=""><div class="question" data-question="20"><span class="quesno">20</span><div itemprop="name" class="ques"><a title="What is govt borrowing and how does it impact the fiscal deficit?" target="_blank" href="https://economictimes.indiatimes.com/news/budget-faqs/union-budget-2025-what-is-govt-borrowing-and-how-does-it-impact-the-fiscal-deficit/articleshow/116361869.cms">What is govt borrowing and how does it impact the fiscal deficit?</a><span class="plus_minus_sprite plus_icon"></span></div></div><p itemtype="https://schema.org/Answer" itemprop="acceptedAnswer" itemscope="" data-question="20" class="answer"><span itemprop="text">The Indian government borrows money by issuing securities to fund expenses when tax revenues fall short. This borrowing, a part of the fiscal deficit, is managed by the Finance Ministry and RBI, with a bi-annual borrowing schedule revealed in the Union Budget. Increased borrowing leads to higher interest payments, impacting budgetary goals.</span></p></div></section></div><section class="clearfix btfCont" id="Details_Budget" data-impression-ga="Budget 2025#WEB | Details on Budget 2025 | Impression#url"><h2 class="budHead">Details on Budget 2025</h2><div class="btfDesc font_faus"><b>Union Budget 2025 </b><br>Finance Minister Nirmala Sitharaman unveiled the first full Budget of Modi 3.0 today, focusing on tax relief for the middle class, allowing total tax exemption for income up to Rs 12 lakh per annum. In her speech, she emphasized the Budget's goals of supporting the GYAN (Garib, Yuva, Annadata, and Nari shakti) — the poor, farmers, women, and youth. She also made notable announcements for Bihar, where elections are anticipated later this year. <br> <br><b>Budget 2025: Major Highlights <br></b> <br><b>Budget Theme <br></b>The Budget aims to implement transformative reforms in six key areas: taxation, power, urban development, financial sector, mining, and regulatory reforms. It emphasizes inclusive development to enhance middle-class spending power, viewing the next five years as a unique opportunity for widespread growth. <br> <br><b>Income Tax Changes <br></b>A New Income Tax Bill will be introduced next week, featuring no income tax for incomes up to Rs 12 lakh and nil tax on Rs 12.75 lakh due to a standard deduction. The proposed simplified tax structure will benefit taxpayers across various income brackets. Notable changes include doubling the tax deduction limit for senior citizens and removing TCS on education remittances. <br><br><i><b>Following are the revised slabs and rates under new tax regime announced in the FY26 Budget: </b></i><br>Income up to Rs 4 lakh (per annum) ----- Nil <br>Between Rs 4 and 8 lakh ---------------- 5 per cent (tax) <br>Between Rs 8 and 12 lakh --------------- 10 per cent <br>Between Rs 12 and 16 lakh -------------- 15 per cent <br>Between Rs16 and 20 lakh --------------- 20 per cent <br>Between Rs 20 and 24 lakh -------------- 25 per cent <br>Above Rs 24 lakh ------------------------- 30 per cent <br><i>* Nil tax slab will apply for annual income up to Rs 12 lakh (Rs 12.75 lakh for salaried taxpayers with a standard deduction of Rs 75,000) under new tax regime.</i><br> <br><b>Tax Moves for Businesses <br></b>Significant tax measures include making 36 life-saving drugs duty-free, cutting custom duty on lithium batteries, and reducing BCD on various goods. An asset monetization plan aims to generate Rs 10 lakh crore, while FDI in the insurance sector will increase to 100%. <br> <br><b>State of the Economy <br></b>The FY25 fiscal deficit is projected at 4.8%, with a revised capex of Rs 10.18 lakh crore. Total receipts and expenditures for FY26 are estimated at Rs 34.96 lakh crore and Rs 50.65 lakh crore, respectively. <br> <br><b>Big Measures for Agriculture <br></b>Initiatives include a new urea plant in Assam, a National Mission on High Yielding Seeds, and a five-year mission to boost cotton productivity. The Modified Interest Subvention Scheme will raise loan limits for farmers, and a PM Dhan Dhyan Krishi Yojana will target low-yield districts. <br> <br><b>Reforms Announced <br></b>Plans include developing an asset monetization strategy and setting up a High-Level Committee for regulatory reforms. A National Manufacturing Mission will be launched to boost India's production capacity. <br> <br><b>Infrastructure and Economy <br></b>Each ministry will devise a three-year project pipeline for PPP implementation, and states will receive Rs 1.5 lakh crore in interest-free loans for infrastructure development. <br> <br><b>Education Schemes <br></b>The Budget proposes setting up 50,000 Tinkering Labs in schools and enhancing broadband connectivity in rural educational and health institutions. <br> <br><b>Tourism and Exports <br></b>The top 50 tourist destinations will receive development support, and a digital platform for trade documentation will be established. <br> <br><b>Aviation </b><br>A modified UDAN scheme will improve regional connectivity to 120 new destinations over the next decade. <br> <br><b>Key Announcements for Bihar <br></b>Bihar will see the facilitation of greenfield airports and expansions at existing airports, alongside support for the Western Koshi Canal project. <br> <br><b>Healthcare Initiatives <br></b>The Budget allocates funds for increasing medical college seats and establishing day-care cancer centers in district hospitals. <br> <br><b>Budget Moves for MSMEs <br></b>Classification limits for MSMEs will expand, with enhanced credit guarantee covers to boost access to credit. <br> <br><b>India Post Transformation <br></b>India Post will be revamped to support rural economies and businesses through a public logistics organization. <br> <br>In essence, Budget 2025 emphasises tax relief, agricultural growth, infrastructure development, and a reform push, particularly benefiting the middle class and rural sectors.<br></div></section></div></div><div class="clr"></div><div id="div-gpt-ad-1548317222438-11" style="margin-bottom: 5px; text-align:center;" data-adsSlot="/7176/Economictimes/Budget/Slug_Home/ET_BGT_HP_BTF_728" data-size="[[728, 90], [1003, 90]]" data-loc=""></div><div data-ga-category="Footer Element Clicks" class="btmFooter 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