NEW DELHI Reuters) – India’s Finance Minister Nirmala Sitharaman presented the annual budget for fiscal 2025/26 on Saturday, aiming to boost farm production while focussing on increasing the spending power of the middle class to push growth.
Here are the highlights of the budget:
* Continuing geopolitical headwinds suggest lower global growth over medium term
* Taxation, power sector, urban development, mining, financial sector and regulatory reforms focus of budget
* To launch six year mission to boost pulses output
* To launch five year mission for cotton production
* Credit guarantee cover for small and medium firms enhanced to 100 million rupees
* Fund of funds to be set up for start-ups with government contribution of 100 billion rupees
(Reporting by Manoj Kumar; Editing by YP Rajesh)
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