IT-BT Budget Round Table 2025: India’s fundamentals remain strong, says FM Sitharaman
On Tuesday, the Minister of Finance Nirala Sitaraman stressed that the foundations of the Indian economy remain strong, and Indian currency remains strong structural slowdown. The Minister, who has just submitted a new Union Budget 2025-26 with significant income tax, also stressed that it was part of the government’s continued initiatives to maintain the trust of taxpayers.
“Every budget has a clear feeling that we respect taxpayers,” he said today at the end of the business budget today, as earlier in the budget. “Nevertheless, this is also a continuous part of the Prime Minister’s Modi to respect taxpayers,” he said.
The Minister said that it will also affect the economy’s savings and consumption, with recent concerns, moderation of urban demand. This will most likely help sell the rapidly moving goods of consumers, as well as consumers’ discretionary expenses, expressed hope that banks can also increase the growth of a better deposit, as well as better investments.
In the budget of the Union 2025-26, the Minister of Finance suggested that the annual income revenue will be up to 12 lakhs, with a new income tax level, with a low income tax level.
Speaking about the proposed new income tax, which is planned to be presented in the parliament next week, the Minister noted that if the tax reform system is clear, the purpose of the new act is. Despite the refusal to schedule that the case is transferred, he said it would be good if it was accepted at the budget session, but the government wants to send it to the parliamentary parliamentary parliament.
“If the Standing Committee returns it after the second half of the budget, we will be happy to advance it,” he said.
https://www.youtube.com/watch?v=cPik5_CL-_4
The Minister also stressed that there is a constantly changing global scenario, in a number of developments in the country’s countries and said the requirements of the structural slowdown in the economy.
“When your foundations are strong, your currency is strong compared to all other currencies …. just because of the US dollar feature. It’s not just a situation for Rupees, it’s about every currency against the US dollar. If your currency is good and fits, except for this instability of the dollar can be if your basics are weak. It can be if it is a systemic problem, “he said. India cannot be the fastest economy for the third year and the fourth year, as well as according to the World Bank, if the basics were not strong.
India is seen by 6.4% by this fiscal and 6.3% to 6.8% FY26. Indian Rupee has violated 87 in the US dollar, as politics in the United States has spent a large number of economic currencies.
On the impact of tariff campaigns announced by US President Donald Trump. “We will have to follow it. We cannot manipulate on it. We have to wait and see what action you need. But I would make myself out of two things, go out of the action of China and Mexico and Canada and how does India affect. But what exactly will the actual action be in India I can’t manipulate? “
He also said that the rationalization of customs duties in the budget was initiated earlier and actually mentioned by him in 2022 and is not planned due to the tariff plans of the new US administration.
“India’s markets and basics are strong,” he said, when he asked why foreign investors are coming out of the country. “Customer situations and problems arising from it cannot be the reason for FPIs. Developments in the United States, global uncertainty … Like Japanese markets are now trying to trust themselves. So many things happen, “he said, adding that he would like to make India a more attractive destination for investing why the budget was offered.
English