On February 1, 2025, the Union Budget will be presented, with every sector having its own set of demands and expectations. This budget is being presented at a time when consumer spending on goods and services is stagnant, factory operations are sluggish, and exports are facing increasing difficulties due to a strengthening dollar. Finance Minister Nirmala Sitharaman will face multiple challenges in addressing these economic issues. The big question is whether the budget will include a reduction in income tax. If this happens, will taxpayers receive relief? However, such a move could bring significant challenges for the government. Stay tuned as we explore these potential outcomes and what lies ahead for the economy in our upcoming video.
