(Reuters) -India plans to cut personal income tax rates to boost middle-class spending power and seeks to increase private investment to strengthen growth, the 2025-26 budget showed on Saturday. The world's fifth-largest economy is expected to post its slowest growth in four years next year amid frail urban demand and weak private investment,

India’s GDP is projected to expand 6.3%-6.8% in FY26, according to the Economic Survey, much below the level needed to become a developed nation by 2047. The economy needs to grow at about 8% for about a decade or two to achieve that goal.

Tata Motors CFO analyzes growth-oriented Union Budget with focus on income tax, MSME sector, fiscal deficit, infrastructure, and sustainable energy.

Highlights: Finance Minister Nirmala Sitharaman said that furthering Make in India is one of the government’s 10 broad focus areas for the coming year