Union Budget 2025-26: A Blueprint For A Developed And Prosperous India
Introduction
Union Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26 in Parliament with a visionary and positive approach towards making India a developed and prosperous nation (Viksit Bharat). This growth-oriented budget, under the leadership of Prime Minister Narendra Modi, Union Home Minister Amit Shah, and BJP National President and Union Health Minister J.P. Nadda, introduces a series of reforms, progressive policies, and forward-looking initiatives.
Middle Class Benefits and Tax Reforms
One of the key highlights of the budget is the increase in income tax exemption limits, bringing relief to the middle class. This move has been widely welcomed by various sectors of society, including industry leaders and professionals.
Boost to Indigenous Manufacturing and Startups
The budget lays a strong foundation for the "Make in India" initiative by encouraging indigenous manufacturing. With an emphasis on supporting startups and entrepreneurial ventures through the "Start-Up India" and "Stand-Up India" programs, the government aims to drive long-term transformation across various sectors.
Employment Generation and Industrial Growth
A major focus of the budget is the creation of new job opportunities for unemployed youth. By promoting industrial and agricultural revolutions, the budget seeks to enhance productivity and employment in the manufacturing and service sectors.
Healthcare and Affordable Medicine
Recognizing the need for affordable healthcare, the budget has introduced measures to reduce the prices of essential medicines, particularly those consumed by cancer patients. This initiative aims to provide relief to patients and ensure access to critical healthcare services.
Women Empowerment and Inclusive Development
The budget places a strong emphasis on women empowerment, reinforcing the government's commitment to gender equality and economic inclusion. Various schemes have been introduced to promote the financial independence and social upliftment of women across the country.
Infrastructure, Education, and Technological Advancements
Significant allocations have been made for the development of key infrastructure projects, including roads, railways, and urban development. Additionally, substantial investments in the education sector, medical facilities, and science & technology aim to strengthen India's global competitiveness and long-term economic growth.
Conclusion
The Union Budget 2025-26 serves as a gateway to India's development, with a strategic vision to create a self-reliant and progressive nation. By focusing on economic growth, employment, healthcare, and infrastructure, the budget sets the stage for India's journey towards becoming a global powerhouse.
Authored by:
Rajat Kumar Mohindru
Journalist, Jalandhar City
(Views are personal)