The Union Budget 2025 announced significant tax relief for the middle class, with no income tax payable on annual income up to ₹12 lakh under the new tax regime. This is a substantial increase from the previous ₹7 lakh threshold. The move aims to boost consumption and spur economic growth. The budget also focused on infrastructure development and support for key sectors. Market expert Nilesh Shah noted that while the budget has laid the foundation for growth recovery, foreign portfolio investors are likely to continue selling in the near term. He expects domestic investors to remain crucial for market support. The budget’s tax rebates for the middle class are seen as a catalyst, but multiplier effects are needed for sustained consumer stock performance.
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