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Booster for Growth or Reality Check for India’s Ambitions?

14-Feb-2025 by Charan Singh

The Union Budget presented on February 1st was pivotal, marking PM Modi’s third term and aiming for Viksit Bharat@2047. Despite claims of India becoming the world’s third-largest economy, growth concerns persist, with a modest 5.4% increase in Q2 of FY25. Global uncertainties, trade shifts, and protectionism complicate the outlook. Does the budget contain the right measures to boost growth, such as raising the non-taxable income threshold, and how will it impact India’s future economic trajectory?