New Delhi, Feb. 1 -- 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.

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. I think it's a budget that addresses the needs of the here and now - putting money into the hands of people to go out and consume. And 7.5 to 12L as exemption is...