‘Middle Class Always in PM Modi’s Heart’: Amit Shah Hails Budget as FM Sitharaman Says ‘No Income Tax Till ₹12 Lakh’

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Amit Shah’s Praise for the Union Budget

In a recent statement, Amit Shah commended Prime Minister Narendra Modi for prioritizing the middle class in the latest Union Budget. Shah highlighted how the government's fiscal measures reflect Modi’s consistent commitment to uplift the middle-income earners of India. According to Shah, this budget not only supports the economic growth of the country but also addresses the immediate financial concerns of the average citizen.

Key Highlights of the Budget

One of the significant announcements from Finance Minister Nirmala Sitharaman in the budget speech was the declaration of 'no income tax for individuals earning up to ₹12 lakh.' This step is viewed as a potential stimulus for the middle class, promising to alleviate the financial burden on households and encourage increased spending in the economy.

Implications for the Middle Class

The decision to exempt income tax for the income bracket up to ₹12 lakh is aimed at boosting consumer confidence. It seeks to provide financial relief to millions of taxpayers, enabling them to retain more of their earnings. This initiative is expected to enhance disposable income among middle-class families, thereby motivating them to invest and spend, further driving economic recovery.

Reactions from Economic Experts

Economic analysts have expressed optimism regarding the budget's provisions. Many believe that the implications of these tax changes will lead to significant growth in the consumption sector. With the middle class being a crucial driver of the economy, these reforms are anticipated to stimulate demand across various sectors, from housing to consumer goods.

PM Modi’s Focus on Inclusive Growth

Prime Minister Modi has often emphasized the need for inclusive growth, recognizing the importance of the middle class in India's journey towards becoming a $5 trillion economy. This budget appears to be squarely in line with that narrative, aiming not just at economic growth, but fostering an environment where ordinary citizens can thrive.

Conclusion

The 2023 budget is marked by a strong focus on the middle class, reflecting PM Modi's vision for a financially empowered citizenry. With promises of tax relief and incentives, this budget might just be a catalyst for stimulating economic activity and enhancing the quality of life for many Indians. For more updates, visit dharmyuddh.com. Keywords: Middle class Modi budget 2023, Amit Shah comments budget, no income tax till ₹12 lakh, Nirmala Sitharaman budget highlights, impact of budget on middle class, economic growth tax relief, PM Modi vision India economy, consumer spending India budget, empowering middle-income earners, budget analysis by experts.