Kathmandu: Finance Minister of India Nirmala Sitharaman presented the Union Budget 2025-26 on Saturday, outlining key priorities to accelerate economic growth, ensure inclusive development, support industries, and enhance household sentiment. The budget also emphasized increasing spending power for India’s growing middle class.
The finance minister highlighted the government’s vision of ‘Sabka Vikas’ (Development for All), aiming for balanced growth across all regions. Under the leadership of Prime Minister Narendra Modi, the government aims to unlock India’s full potential and enhance its global standing. She added “Our economy is the fastest-growing among all major global economies. 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. We see the next five years as a unique opportunity to realize ‘Sabka Vikas’, stimulating balanced growth of all regions”.
The budget sets a clear path for India’s growth, focusing on economic empowerment, industrial progress, and societal well-being. With a strong track record and ambitious targets, the government is determined to drive the nation toward greater prosperity in the coming years.
What for Nepal?
According to Indian media reports, Nepal stands as the second largest recipient of foreign assistance from India in this year’s budget. India has allocated IRs 2,150 crore to Bhutan, making the country the largest foreign aid recipient from India in South Asia. India has maintained its allocation for Nepal at IRs 700 crore, followed by the Maldives for which IRs 600 crore was allocated, according to NDTV.
[Compiled from different sources]
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