New Delhi, Feb. 1 -- The Union Budget presented by Finance Minister Nirmala Sitharaman has provided a booster dose of consumption through relief in personal income tax.

The new income tax threshold will leave over one lakh crore in the hands of the middle class for discretionary spending.

In spite of record allocation of capital investment in infrastructure during the last budget, the economic growth was seen spluttering in 2023-24.Therefore, a demand to boost consumption has been growing from all quarters.

Besides social welfare measures, the key Budget provisions focus on the following areas: Agriculture, MSMEs, Investments, Manufacturing and Exports and Innovation & Technology.

Terming MSME as one of the 'Growth Engine', the Budget...