Budget aims to boost demand and investments with tax relief and job creation initiatives

The new budget aims to boost demand and investments by providing significant tax relief to middle-income taxpayers, raising the income-tax exemption to ₹12 lakh. This is expected to increase consumption, especially in discretionary spending. It emphasizes job creation, targeting 7.85 million new non-farm jobs annually until 2030. The budget includes support for entrepreneurs, MSMEs, and exporters, along with initiatives for labor-intensive sectors like manufacturing and tourism. Agriculture also receives attention with new programs to enhance yields and productivity. The budget allocates ₹1.5 lakh crore for interest-free loans to states for capital projects, aiming to stimulate economic growth and improve regulatory frameworks.