New Delhi, Feb. 1 -- The Union Budget 2025 has addressed the needs of the hour and has put "money into the hands of people", said Edelweiss Mutual Funds CEO Radhika Gupta, highlighting the key announcement from Finance Minister Nirmala Sitharaman's speech on Saturday.

Radhika Gupta said that the income tax relief by the Centre will "energise consumption and growth at a critical time for the Indian economy", according to Reuters.

"CONSUMPTION is the word of the day! Heard a lot of chatter in the morning about what could possibly be done in the budget given the economic backdrop and global turmoil," wrote Radhika Gupta in a social media post on X.

Hailing the Budget 2025 for addressing "needs of the here and now", Radhika Gupta added, "P...