LUCKNOW, Feb. 2 -- Economists have lauded the Union Budget 2025 for providing substantial relief to middle-class income taxpayers, with hopes that the measures will stimulate economic growth and boost consumption.

Professor AP Tiwari, former head of the department of economics at Dr Shakuntala Misra National Rehabilitation University, said, "The finance minister has given significant relief to middle-class taxpayers to address the economy's sluggish growth. This tax relief is expected to enhance purchasing power, increasing consumption and ultimately stimulating economic activity." He further noted that the resulting rise in demand could also encourage savings and investment, widening the tax base and enhancing government revenue.

Tiwar...