Solicitor General Tushar Mehta on Sunday said that the Union Budget 2025-26 reflected the government’s commitment to improve the lives and finances of the country’s middle class.<\/p>\n
Mr Mehta said the Budget provided a strong impetus for increasing consumption and boosting investments among all segments of the economy.<\/p>\n
He said, “The significant amendments made to the income tax rates reflect the government’s strong commitment to improving the lives and finances of India’s rapidly expanding middle class, which now includes a vast percentage of the population which has been pulled out of financial problems by fiscal and other measures undertaken over the past decade.”<\/p>\n
The senior lawyer said Prime Minister Narendra Modi aptly described the Budget as a force multiplier that will encourage and propel the economy’s growth trajectory by further encouraging job creation.<\/p>\n
“The Budget proposals reflect a comprehensive and forward-looking blueprint given by the finance minister for the next stage of transformation of the Indian economy as a responsible global economic superpower, by spurring investments in new-age sectors such as electric vehicles, artificial intelligence and cutting edge research and development (R&D) in life-saving drugs as well as traditional sectors such as shipbuilding and hospitality,” the solicitor general said.<\/p>\n
Mr Mehta also said the measures for developing civil nuclear energy will ensure the country’s energy security in the coming years.<\/p>\n
“The new ‘Funds of Funds for Startups’ with a contribution of Rs 10,000 crore by the Centre and enhanced support for MSMEs reflect a well-considered approach to developing all sectors of the economy even while focussing on developing India as a manufacturing superpower.<\/p>\n
“All in all, the budget proposals demonstrate that Viksit Bharat is an idea whose time has come and has taken its position on the global stage,” he said.<\/p>\n
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)<\/i><\/p>\n
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