Budget focussed on driving growth, inclusive development: Sitharaman

.Union Finance Minister Nirmala Sitharaman on Saturday asserted that the Indian economy is fastest-growing among all developing economies Presenting her 8th consecutive Budget in Parliament, she said, 'Our development track record of the past 10 years and structural reforms have drawn global attention. Confidence in India’s capability and potential has only grown in this period.' She said the Union Budget 2025-26 continues efforts to accelerate growth and provide inclusive development. Sitharman said,"Nuclear Energy Mission for Viksit Bharat. Development of at least 100 gW of Nuclear energy by 2047 is essential for our energy transition. For active partnerships with the private sectors towards this goal, amendments to the Atomic Energy Act and Civil Liability for the Nuclear Damage Act will be taken out.."

Watch: Union Finance Minister Nirmala Sitharaman presents the NDA government's second full #UnionBudget2025 of its third term, and her eighth consecutive one

She says, "Nuclear Energy Mission for Viksit Bharat aims to achieve the development of at least 100 gigawatts of nuclear… pic.twitter.com/dhKIxvCogA

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The Finance Minister announced that investment limit for MSME classification to be made 2.5 times and turnover limits for MSME classification to be doubled.'New Fund of Funds for Startups to be set up to power Entrepreneurship. She said the Union Budget 2025-26 continues efforts to accelerate growth and provide inclusive development. Fresh contribution of another Rs. 10,000 crore, in addition to existing government contribution of Rs. 10,000 cr, she said. A new income tax bill - a direct tax code meant to simplify compliance for individual taxpayers - will be introduced next week, Finance Minister Nirmala Sitharaman said as she presented the Union Budget 2025.