Opinion: Tight Fiscal Roadmap But Middle Class Seeking Tax Relief, And More — 8 Challenges For 2nd Budget Of Modi 3.0  

At a time when the government is doing the heavy-lifting in terms of spending on infrastructure, with the private sector non-committal, there is also less scope for reduction of expenditure. Representational image.

Source : PTI

The second budget of PM Narendra Modi’s third term is due on Saturday. Finance Minister Nirmala Seetharaman faces an uphill task amid slowing growth, falling consumption and rupee, uncertainty on tariffs under the new Trump regime in the US, and lack of revival in private sector investments.  In FY 2024-25, the Indian economy is expected to record its lowest GDP growth in the last four years. With the middle class clamouring for tax relief, the NDA government has a tough task at hand