Finance Minister Nirmala Sitharaman highlighted India’s strong economic performance, characterized by high growth and low inflation, attributing it to government reforms. She refuted claims of middle-class suppression, citing an expanding taxpayer base and rising real incomes. The budget aims to guide India towards developed nation status by 2047.
New CPI series explained: What changed, why it matters, and what’s new
India’s statistics ministry has updated the Consumer Price Index (CPI) base year to 2024 from 2012, reflecting evolving household consumption patterns. The revised index includes