New Delhi [India], February 25: The finance minister, Nirmala Sitharaman, has presented the first full-fledged budget of the Modi 3.0 government. The 2025-26 budget has been presented amidst two big concerns: the growing uncertainty in the global economy and hence in the export sector, and a slowdown in the economic growth rate in the last few quarters of the current fiscal year. Additionally, there has been an emergent perception among the Indian middle class that their disposable income is on the decline on account of persistent inflation during the post-Covid period. The current budget attempts to counter these challenges by following a new approach where it attempts to balance the short-term, medium-term, and long-term interests of the Indian economy.