Union Budget 2025-26: Sabka Vikas and Viksit Bharat Vision
Why in the news
Finance Minister Nirmala Sitharaman presented Union Budget 2025-26, framing the coming five years as a unique window for inclusive development under ‘Sabka Vikas’.
Key facts
- India was described as the fastest-growing major economy, with ten years of structural reforms under global watch.
- Aim: balanced, inclusive growth, more private investment, stronger household consumption and a more confident middle class.
- Four growth drivers: Agriculture, MSMEs, Investment, Exports.
- Six reform areas: Taxation, Power, Urban Development, Mining, Financial Sector, Regulatory Reforms.
Viksit Bharat goals
- Zero poverty and quality school education for all.
- Affordable healthcare, skilled labour and gainful jobs.
- Higher women’s participation in economic activity.
- Farmers helping India become the ‘food basket of the world’.
Ten focus areas
| Theme | Area |
|---|---|
| 1 | Agricultural growth and productivity |
| 2 | Rural prosperity and resilience |
| 3 | Inclusive growth |
| 4 | Manufacturing and Make in India |
| 5 | MSME support |
| 6 | Employment-led development |
| 7 | Investment in people |
| 8 | Energy supply security |
| 9 | Promotion of exports |
| 10 | Nurturing innovation |
Significance
- The Budget rests on inclusivity, empowerment and innovation for sustainable growth.
Exam angle
- Presented by: Union Finance Minister Nirmala Sitharaman.
- Four engines: Agriculture, MSMEs, Investment, Exports.
- Theme phrases: ‘Sabka Vikas’, ‘Viksit Bharat’.