The much-anticipated Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, has introduced several key changes that will impact the cost of everyday goods and services. With a strong focus on economic growth, infrastructure, and tax relief, here’s a look at what will now be more affordable for Indian consumers.
Tax Relief: More Savings for the Middle Class
One of the biggest announcements in this budget is zero income tax for individuals earning up to ₹12 lakh under the new tax regimee will increase disposable income, boosting consumer spending and economic growth.
Cheaper Medicines & Healthcare Benefits
In a major relief for healthcare expenses, 36 life-saving medicines, including cancer drugs, have been fully exempted from customs duty . This wiritical treatments more accessible** and affordable for patients across India.
Reduced Costs for Electric Vehicles (EVs)
The government continues its push for green energy, with customs duty exemptions on battery-related raw materials . This will make hicles (EVs) and batteries cheaper, encouraging more people to switch to sustainable transportation.
Rental Income & Housing Benefits
Rental property owners now have reason to cheer as the TDS exemption limit on rental income has been raised from ₹2.4 lakh to ₹6 lakh per year . This will reduce tax deduource, benefiting those earning rental income.
Startups & Entrepreneurship Boost
Startups have received another big boost with a ₹10,000 crore ‘Fund of Funds’ to support small businesses and innovation . This will lead to lower borrowing ceasier access to capital** for entrepreneurs.
Education & AI Expansion
With a focus on future technologies, the budget allocates ₹500 crore for AI education and announces 10,000 new medical seats . This means cheaper education opportunities anr workforce for India’s growing digital economy.
Conclusion: A Budget for Growth & Affordability
The Union Budget 2025 under Modi 3.0 aims to bring relief to the middle class, startups, healthcare, and electric vehicle sectors. With tax cuts, cheaper medicines, and reduced EV costs, this budget lays the foundation for sustainable economic growth.
What do you think about this budget? Will it impact your daily expenses? Share your thoughts in the comments below!
