📊 Budget 2025: Economic Impact Analysis Key Highlights: • Personal Income Tax (PIT) cut announced • Estimated tax revenue foregone: ₹1 Lakh crore • Significant boost to middle class disposable income Economic Projections for FY26: 1. Consumption Growth: • Base growth: 7.2% • Additional growth from PIT cut: 4.8% • Total projected growth: >10% 2. GDP Growth: • Base growth: 6.3% • Additional growth from PIT cut: 2.7% • Total projected growth: >8% Key Assumptions: • Middle class savings rate: 20% • Consumption multiplier: 5 • FY25 real consumption: ₹104 Lakh crore • FY25 real GDP: ₹185 Lakh crore Estimated Impact: • Increase in consumption: ₹5 Lakh crore • Boost to GDP: ₹5 Lakh crore These projections suggest significant economic stimulus from the PIT reforms, potentially driving substantial growth in both consumption and GDP for FY26. For a detailed breakdown of calculations and further analysis, please contact our economic research team. #budget2025 #economicgrowth #fiscalpolicy