Income Tax: No changes in tax rates for direct or indirect taxes, including import duties. Tax collections have doubled over the last decade, with an average tax return processing time reduced to 10 days.
Infrastructure Development: Capital expenditure outlay increased by 11.1% to ₹11.11 lakh crore, accounting for 3.4% of GDP. This is expected to continue driving economic growth and job creation.
Railways: 40,000 rail bogies to be converted to Vande Bharat coaches, enhancing passenger safety and comfort. Three major railway corridors announced to improve freight and passenger train operations.
‘Lakhpati Didi’ Scheme: Target enhanced from 2 crore to 3 crore women, with 83 lakh SHGs and 9 crore women already benefiting from this empowerment initiative.
Overall Focus: The budget aims to strengthen domestic macro factors, boost infrastructure, tourism, logistics, and innovation, and move towards fiscal prudence with a targeted fiscal deficit of 4.5% of GDP by FY26.
Economic Growth: The government continues its commitment to sustainable growth, with key sectors like agriculture, domestic tourism, and green energy receiving significant attention.
These measures reflect the government’s efforts to balance fiscal responsibility with bold initiatives, aiming for a developed India by 2047.
