A nation’s economic growth and development depend heavily on how its government allocates financial resources through the annual budget. The budget determines the course of public spending, taxation, investment in key sectors, and social welfare initiatives, all of which shape economic stability and progress. In India, the Union Budget is a crucial policy instrument that…
Introduction India’s economic planning has undergone a significant transformation over the years. The Planning Commission, which played a central role in India’s economic policy framework for over six decades, was replaced by the National Institution for Transforming India (NITI Aayog) in 2015. This shift marked a strategic move towards a more decentralized, inclusive, and market-driven…
The Indian Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, aims to address the pressing needs of various sections of society, with a particular focus on the middle class. Recognizing the significant role that the middle class plays in the country’s economic growth, the government has announced several measures to ease their financial burdens,…