The presentation of the country's general budget is gradually getting closer. People have a lot of expectations from this budget. It is believed that this time's budget has a lot for the common man. The Finance Minister faces the challenge of solving the problem of rising prices of food, clothing and housing. These three things are the most important needs of every home.

This time's budget will decide whether these essential things can be made cheaper or not. In such a situation, the biggest question is whether food, clothing and housing will be cheaper in the budget? What is the plan of Finance Minister Nirmala Sitharaman? We will find answers to all these questions in today's article…

Rapid rise in prices

Food prices are increasing rapidly. According to the National Sample Survey Office (NSSO), about 40 percent of the income of Indian households is spent only on food. Food inflation had increased a lot in 2024. The price of tomato has increased by 161 percent. At the same time, the price of potatoes has increased by 65 percent.

The government can take some measures in this direction in the upcoming budget. It can balance interest rates in collaboration with the Reserve Bank of India (RBI). Can stabilize the exchange rate of rupee. At the same time, imports on things like edible oil can also reduce inflation. Apart from this, the food subsidy scheme can be increased.

Will housing ever become cheaper?

Millions of people in India are dreaming of their own home. Because of expensive houses he is not able to fulfill his dream. In the year 2024, property prices in cities like Mumbai and Delhi increased by 13 percent to 30 percent. The budget for Pradhan Mantri Awas Yojana (PMAY) was increased in the budget for the financial year 2024-25.

However, till now only 91 lakh houses have been constructed. In Budget 2025, the government may come up with some schemes to build affordable houses in urban and rural areas. This could include increasing tax exemption on home loans, promoting construction of affordable houses, promoting developers to reduce manufacturing costs.

Deep impact on textile sector

India's textile sector provides employment to millions of people. This sector is facing many problems. This sector is being affected due to decrease in domestic demand, increase in production cost and global competition. There may be some decisions to promote the textile sector in the upcoming budget.

This includes reducing GST on basic garments, promoting domestic production, and promoting the use of modern technology. This budget will provide relief to the public, and the country's economy is also likely to get strengthened.