Budget 2025 to drive strong consumption surge, says Chief Economic Advisor Nageswaran

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The Union Budget 2025-26 laid out key policy changes, including exempting annual incomes up to ₹12 lakh from income tax and adjusting tax slabs to benefit a larger segment of taxpayers. Additionally, Sitharaman’s budget proposed raising Foreign Direct Investment (FDI) limits in the insurance sector, simplifying tax laws, cutting duties on intermediaries, and enhancing fiscal support for welfare measures.

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