Union Budget 2025: Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26, outlining key priorities to accelerate economic growth, ensure inclusive growth, support industries, and boost domestic sentiment. The budget also emphasized on increasing the spending power for India’s growing middle class. He said, “The Union Budget 2025-26 aims to: a. accelerate growth b. ensure inclusive growth c. boost society and industry d. uplift domestic sentiment and e. increase spending on power of India’s emerging middle class.

Last year, Sitharaman announced a cut in customs duty on gold, silver, platinum and other items. The major changes included a reduction in duty on mobiles, cancer drugs and certain minerals.