India, Feb. 7 -- The Union Budget for 2025-26, presented by Finance Minister Nirmala Sitharaman, has sparked significant debate due to both its promising provisions and notable shortcomings. While the budget introduces key reforms such as tax relief for the middle class, incentives for manufacturing and infrastructure development, it falls short in addressing pressing concerns such as job creation, wage growth, inflation control, and rural distress. A deeper analysis reveals both its strengths and weaknesses.

Income Tax Reforms: One of the most widely appreciated aspects of the budget is the increase in the tax exemption limit from Rs 7 lakh to Rs 12 lakh, offering substantial relief to middle-class taxpayers. Additionally, the standard ...