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    <title>Tax Relief Wins Applause, But Will It Boost Consumption? Industry Leaders React</title>
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    <description>Budget 2025 combines tax relief-including a higher nil-tax threshold and simplified TDS/TCS-with a large capital expenditure push to stimulate consumption and investment. It pairs startup incentives (abolition of angel tax, Fund of Funds), enhanced MSME credit and turnover thresholds, and targeted healthcare measures (duty exemptions and concessional rates for essential medicines). Energy, manufacturing and domestic capacity are supported by renewables and nuclear targets, shipbuilding and steel-sector focus, while skilling, education connectivity and promotion of Global Capability Centres aim to strengthen human capital. Implementation and timely spending determine the measures&#039; immediate impact.</description>
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