Finance Minister Nirmala Sitharaman is set to present her eighth consecutive Union Budget today, February 1, 2025, marking a significant milestone in India's financial history. This presentation will make her the first finance minister to deliver eight consecutive budgets, surpassing the previous record held by former Prime Minister Morarji Desai, who presented six consecutive budgets between 1959 and 1964.
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The upcoming budget is anticipated to focus on several key areas:
Infrastructure Development: Building upon previous allocations, the government is expected to continue its emphasis on infrastructure to stimulate economic growth and job creation.
Tax Reforms: Following recent adjustments in income tax rates aimed at boosting consumption, further reforms may be introduced to enhance disposable income and stimulate spending.
Rural Development and Employment: Significant investments are likely to be directed towards rural development and employment generation programs to address disparities and promote inclusive growth.
As the nation awaits the detailed proposals, stakeholders from various sectors are keen to understand how the budget will address current economic challenges and leverage opportunities to maintain India's growth trajectory.
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