New Delhi, Jan. 30 -- The Budget 2025, set to be presented on Saturday, will be keenly watched. Union Finance Minister Nirmala Sitharaman may announce income tax relief, take steps to enhance insurance coverage, and offer credit support to farmers, among other measures.

India's fiscal deficit for 2024-25 is expected to be 4.7-4.8% of gross domestic product (GDP), lower than the budgeted estimate of 4.9%, Mint reported. This is expected to be driven by lower spending on planned capital investments and higher-than-anticipated dividends from the Reserve Bank of India (RBI). The Centre's fiscal deficit has steadily declined each year since 2021-22, surpassing the targets in the past two fiscal years.

For 2025-26, the government may peg the ...