India plans to cut personal income tax rates to boost middle-class spending power and seeks to increase private investment to strengthen growth, the 2025-26 budget showed on Saturday.

India’s GDP is projected to expand 6.3%-6.8% in FY26, according to the Economic Survey, much below the level needed to become a developed nation by 2047. The economy needs to grow at about 8% for about a decade or two to achieve that goal.

Tata Motors CFO analyzes growth-oriented Union Budget with focus on income tax, MSME sector, fiscal deficit, infrastructure, and sustainable energy.

Copies of Union Budget 2025 are brought to parliament as Union Finance minister Nirmala Sitharaman will today table her 8th Union Budget, for the fiscal year 2025-26, in Lok Sabha.