Mumbai, Feb. 1 -- In line with the Government's approach of 'big' and 'bold' initiatives to take India forward, the Union Budget 2025-26 lays out a bold blueprint for taking India forward towards Viksit Bharat while also addressing the present needs of the Indian economy. A lot of emphasis has been given to encouraging consumption spending not only through the cut in income tax but also through measures to support labour-intensive sectors to create jobs, social security to gig workers among others.

The focus on reforms is high and this will help unlock the growth potential of the Indian economy, firmly placing it on the path of Viksit Bharat. The regulatory reforms with emphasis on light touch regulatory framework will strengthen the inves...