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HomeTop NewsBudget Will Be Pro-Poor, Pro-Middle Class: Union Minister Pralhad Joshi

Budget Will Be Pro-Poor, Pro-Middle Class: Union Minister Pralhad Joshi

New Delhi [India]: Union Minister Pralhad Joshi stated that the Union Budget for 2025-26 will be “pro-people, pro-poor, pro-middle class,” continuing the tradition since “the economy of this country started being taken care of under the leadership of PM Narendra Modi.”

Speaking to reporters at the Parliament premises, Joshi said, “Ever since the economy of this country started being taken care of under the leadership of PM Narendra Modi, we have given pro-people, pro-poor, pro-middle class budgets. It will be the same this time.”

Nirmala Sitharaman is set to present her record eighth consecutive Budget on Saturday at 11 am in the Lok Sabha. The Budget speech will focus on the government’s fiscal policies, revenue and expenditure proposals, taxation reforms, and other major announcements.

Earlier in the day, President Droupadi Murmu offered the customary ‘dahi-cheeni’ (curd and sugar) to Sitharaman, a gesture believed to bring good luck before the Budget presentation. Minister of State for Finance Pankaj Chaudhary also attended the occasion. Sitharaman was seen discussing the details of the Budget with President Murmu at Rashtrapati Bhavan.

The Economic Survey, tabled in Parliament on Friday, projected India’s economy to grow between 6.3% and 6.8% in the next financial year, 2025-26. The survey emphasized India’s robust economic fundamentals, backed by a stable external account, fiscal consolidation, and steady private consumption.

It further highlighted the government’s plans to boost long-term industrial growth by focusing on research and development (R&D), micro, small, and medium enterprises (MSMEs), and capital goods—measures aimed at improving productivity, innovation, and global competitiveness.

“The fundamentals of the domestic economy remain robust, with a strong external account, calibrated fiscal consolidation, and stable private consumption. On balance of these considerations, we expect growth in FY26 to be between 6.3% and 6.8%,” the survey noted.

The survey also projected a decline in food inflation in Q4 FY25, attributed to seasonal decreases in vegetable prices and the arrival of the Kharif harvest. A good Rabi crop is expected to keep food prices in check during the first half of FY26. However, it warned that adverse weather conditions and rising international agricultural prices could pose inflationary risks.

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