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Finance minister Nirmala Sitharaman will be hoping that the money she has put in the hands of the people will cause consumption to rise and accelerate economic growth.

India plans to cut personal income tax rates to boost middle-class spending power, Finance Minister Nirmala Sitharaman said on Saturday, as she announced an annual budget that also sought to increase private investment to strengthen growth.

Prime Minister Narendra Modi hailed the Union Budget 2025 and said that tax relief given by Finance Minister Nirmala Sitharaman will provide big benefits to middle class and salaried employees.

Indian Prime Minister Narendra Modi faces the challenges of reviving growth and giving relief to a middle class hit by rising living costs, while also preparing for an uncertain year of global trade,