Fiscal health prescription boosts chances of India rating upgrade

Finance Minister Nirmala Sitharaman presented the Modi 3.0 government's first budget, emphasizing job creation, entrepreneurship, and social equity. Key highlights included a ₹2 lakh crore internship scheme for skill development and the abolition of angel tax to support startups and MSMEs. The budget aimed for a fiscal deficit reduction to 4.5% by 2025-26.