{"id":275,"date":"2025-10-24T01:25:57","date_gmt":"2025-10-23T19:55:57","guid":{"rendered":"https:\/\/mumkinhaiias.in\/?p=275"},"modified":"2025-10-24T01:36:37","modified_gmt":"2025-10-23T20:06:37","slug":"%f0%9f%92%b0-indias-union-budget-2025-26-highlights-fiscal-discipline-path","status":"publish","type":"post","link":"https:\/\/mumkinhaiias.in\/?p=275","title":{"rendered":"\ud83d\udcb0 India\u2019s Union Budget 2025-26: Highlights &#038; Fiscal Discipline Path"},"content":{"rendered":"<p data-start=\"343\" data-end=\"379\"><span style=\"color: #000000;\"><em data-start=\"343\" data-end=\"377\">By Mumkin Hai IAS Editorial Team<\/em><\/span><\/p>\n<hr data-start=\"381\" data-end=\"384\" \/>\n<h2 data-start=\"386\" data-end=\"406\"><span style=\"color: #000000;\">\ud83d\udd30 Introduction<\/span><\/h2>\n<p data-start=\"407\" data-end=\"900\"><span style=\"color: #000000;\">The Union Budget for FY 2025-26, presented by Nirmala\u202fSitharaman on 1 February 2025, is more than just numbers \u2013 it signals India\u2019s roadmap for growth in a challenging global context. Fiscal consolidation, infrastructure investment and social-inclusion remain key pillars. The budget sets a clear target: reducing the fiscal deficit, controlling debt, and driving investment. These themes are highly relevant for UPSC\u2014covering economy, governance, public policy, and sustainable development.<\/span><\/p>\n<hr data-start=\"902\" data-end=\"905\" \/>\n<h2 data-start=\"907\" data-end=\"947\"><span style=\"color: #000000;\">\ud83d\udccc Key Highlights of Budget 2025-26<\/span><\/h2>\n<h3 data-start=\"949\" data-end=\"978\"><span style=\"color: #000000;\">\ud83d\udd39 Macro-Fiscal Targets<\/span><\/h3>\n<ul data-start=\"979\" data-end=\"1359\">\n<li data-start=\"979\" data-end=\"1075\">\n<p data-start=\"981\" data-end=\"1075\"><span style=\"color: #000000;\">Fiscal deficit target for FY 2025-26: <strong data-start=\"1019\" data-end=\"1034\">4.4% of GDP<\/strong>. <span class=\"\" data-state=\"closed\"><span class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\" data-testid=\"webpage-citation-pill\"><a class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium transition-colors duration-150 ease-in-out text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]!\" style=\"color: #000000;\" href=\"https:\/\/www.pib.gov.in\/PressReleaseIframePage.aspx?PRID=2098353&amp;utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener\"><span class=\"relative start-0 bottom-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between\"><span class=\"max-w-[15ch] grow truncate overflow-hidden text-center\">Press Information Bureau<\/span><span class=\"-me-1 flex h-full items-center rounded-full px-1 text-[#8F8F8F]\">+1<\/span><\/span><\/span><\/a><\/span><\/span><\/span><\/p>\n<\/li>\n<li data-start=\"1076\" data-end=\"1186\">\n<p data-start=\"1078\" data-end=\"1186\"><span style=\"color: #000000;\">Revenue deficit target: about <strong data-start=\"1108\" data-end=\"1123\">1.5% of GDP<\/strong> (lower than previous). <span class=\"\" data-state=\"closed\"><span class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\" data-testid=\"webpage-citation-pill\"><a class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium transition-colors duration-150 ease-in-out text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]!\" style=\"color: #000000;\" href=\"https:\/\/prsindia.org\/budgets\/parliament\/union-budget-2025-26-analysis?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener\"><span class=\"relative start-0 bottom-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between overflow-hidden\"><span class=\"max-w-[15ch] grow truncate overflow-hidden text-center\">PRS Legislative Research<\/span><\/span><\/span><\/a><\/span><\/span><\/span><\/p>\n<\/li>\n<li data-start=\"1187\" data-end=\"1359\">\n<p data-start=\"1189\" data-end=\"1359\"><span style=\"color: #000000;\">Outstanding central government debt estimated at ~<strong data-start=\"1239\" data-end=\"1255\">56.1% of GDP<\/strong> in 2025-26, with a goal to bring it down to ~50% by March 2031. <span class=\"\" data-state=\"closed\"><span class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\" data-testid=\"webpage-citation-pill\"><a class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium transition-colors duration-150 ease-in-out text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]!\" style=\"color: #000000;\" href=\"https:\/\/www.reuters.com\/world\/india\/india-budget-india-targets-fiscal-deficit-44-2025-26-sets-path-bring-down-debt-2025-02-01\/?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener\"><span class=\"relative start-0 bottom-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between\"><span class=\"max-w-[15ch] grow truncate overflow-hidden text-center\">Reuters<\/span><span class=\"-me-1 flex h-full items-center rounded-full px-1 text-[#8F8F8F]\">+1<\/span><\/span><\/span><\/a><\/span><\/span><\/span><\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"1361\" data-end=\"1398\"><span style=\"color: #000000;\">\ud83d\udd39 Expenditure &amp; Capital Outlay<\/span><\/h3>\n<ul data-start=\"1399\" data-end=\"1668\">\n<li data-start=\"1399\" data-end=\"1523\">\n<p data-start=\"1401\" data-end=\"1523\"><span style=\"color: #000000;\">Capital expenditure (capex) earmarked: <strong data-start=\"1440\" data-end=\"1461\">\u20b911.21 lakh crore<\/strong> (around 3.1% of GDP). <span class=\"\" data-state=\"closed\"><span class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\" data-testid=\"webpage-citation-pill\"><a class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium transition-colors duration-150 ease-in-out text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]!\" style=\"color: #000000;\" href=\"https:\/\/www.pib.gov.in\/PressReleaseIframePage.aspx?PRID=2098353&amp;utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener\"><span class=\"relative start-0 bottom-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between\"><span class=\"max-w-[15ch] grow truncate overflow-hidden text-center\">Press Information Bureau<\/span><span class=\"-me-1 flex h-full items-center rounded-full px-1 text-[#8F8F8F]\">+1<\/span><\/span><\/span><\/a><\/span><\/span><\/span><\/p>\n<\/li>\n<li data-start=\"1524\" data-end=\"1668\">\n<p data-start=\"1526\" data-end=\"1668\"><span style=\"color: #000000;\">Expenditure other than borrowings: ~\u20b934.96 lakh crore; total estimated expenditure ~\u20b950.65 lakh crore. <span class=\"\" data-state=\"closed\"><span class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\" data-testid=\"webpage-citation-pill\"><a class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium transition-colors duration-150 ease-in-out text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]!\" style=\"color: #000000;\" href=\"https:\/\/www.pib.gov.in\/PressReleaseIframePage.aspx?PRID=2098353&amp;utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener\"><span class=\"relative start-0 bottom-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between overflow-hidden\"><span class=\"max-w-[15ch] grow truncate overflow-hidden text-center\">Press Information Bureau<\/span><\/span><\/span><\/a><\/span><\/span><\/span><\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"1670\" data-end=\"1701\"><span style=\"color: #000000;\">\ud83d\udd39 Revenue &amp; Tax Measures<\/span><\/h3>\n<ul data-start=\"1702\" data-end=\"2035\">\n<li data-start=\"1702\" data-end=\"1793\">\n<p data-start=\"1704\" data-end=\"1793\"><span style=\"color: #000000;\">Net tax receipts projected at ~\u20b928.37 lakh crore. <span class=\"\" data-state=\"closed\"><span class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\" data-testid=\"webpage-citation-pill\"><a class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium transition-colors duration-150 ease-in-out text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]!\" style=\"color: #000000;\" href=\"https:\/\/www.pib.gov.in\/PressReleaseIframePage.aspx?PRID=2098353&amp;utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener\"><span class=\"relative start-0 bottom-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between overflow-hidden\"><span class=\"max-w-[15ch] grow truncate overflow-hidden text-center\">Press Information Bureau<\/span><\/span><\/span><\/a><\/span><\/span><\/span><\/p>\n<\/li>\n<li data-start=\"1794\" data-end=\"1922\">\n<p data-start=\"1796\" data-end=\"1922\"><span style=\"color: #000000;\">Gross tax revenue growth estimated: ~10.8%; net tax receipts ~11% growth year-on-year. <span class=\"\" data-state=\"closed\"><span class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\" data-testid=\"webpage-citation-pill\"><a class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium transition-colors duration-150 ease-in-out text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]!\" style=\"color: #000000;\" href=\"https:\/\/www.ey.com\/content\/dam\/ey-unified-site\/ey-com\/en-in\/technical\/alerts-hub\/documents\/2025\/ey-union-budget-2025-highlights.pdf?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener\"><span class=\"relative start-0 bottom-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between overflow-hidden\"><span class=\"max-w-[15ch] grow truncate overflow-hidden text-center\">EY<\/span><\/span><\/span><\/a><\/span><\/span><\/span><\/p>\n<\/li>\n<li data-start=\"1923\" data-end=\"2035\">\n<p data-start=\"1925\" data-end=\"2035\"><span style=\"color: #000000;\">Focus on tax relief for middle-income groups and boosting consumption. <span class=\"\" data-state=\"closed\"><span class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\" data-testid=\"webpage-citation-pill\"><a class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium transition-colors duration-150 ease-in-out text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]!\" style=\"color: #000000;\" href=\"https:\/\/www.ideasforindia.in\/topics\/macroeconomics\/union-budget-2025-26-many-small-measures-but-lacks-big-ideas.html?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener\"><span class=\"relative start-0 bottom-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between\"><span class=\"max-w-[15ch] grow truncate overflow-hidden text-center\">Ideas for India<\/span><span class=\"-me-1 flex h-full items-center rounded-full px-1 text-[#8F8F8F]\">+1<\/span><\/span><\/span><\/a><\/span><\/span><\/span><\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"2037\" data-end=\"2076\"><span style=\"color: #000000;\">\ud83d\udd39 Infrastructure &amp; State Support<\/span><\/h3>\n<ul data-start=\"2077\" data-end=\"2471\">\n<li data-start=\"2077\" data-end=\"2191\">\n<p data-start=\"2079\" data-end=\"2191\"><span style=\"color: #000000;\">Additional borrowing for states of 0.5% of GSDP contingent on reforms. <span class=\"\" data-state=\"closed\"><span class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\" data-testid=\"webpage-citation-pill\"><a class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium transition-colors duration-150 ease-in-out text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]!\" style=\"color: #000000;\" href=\"https:\/\/www.indiabudget.gov.in\/doc\/bh1.pdf?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener\"><span class=\"relative start-0 bottom-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between overflow-hidden\"><span class=\"max-w-[15ch] grow truncate overflow-hidden text-center\">India Budget<\/span><\/span><\/span><\/a><\/span><\/span><\/span><\/p>\n<\/li>\n<li data-start=\"2192\" data-end=\"2350\">\n<p data-start=\"2194\" data-end=\"2350\"><span style=\"color: #000000;\">Outlay for state infrastructure support: \u20b91.5 lakh crore in interest-free loans to states for capital expenditure. <span class=\"\" data-state=\"closed\"><span class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\" data-testid=\"webpage-citation-pill\"><a class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium transition-colors duration-150 ease-in-out text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]!\" style=\"color: #000000;\" href=\"https:\/\/www.ey.com\/content\/dam\/ey-unified-site\/ey-com\/en-in\/technical\/alerts-hub\/documents\/2025\/ey-union-budget-2025-highlights.pdf?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener\"><span class=\"relative start-0 bottom-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between overflow-hidden\"><span class=\"max-w-[15ch] grow truncate overflow-hidden text-center\">EY<\/span><\/span><\/span><\/a><\/span><\/span><\/span><\/p>\n<\/li>\n<li data-start=\"2351\" data-end=\"2471\">\n<p data-start=\"2353\" data-end=\"2471\"><span style=\"color: #000000;\">Asset monetization plan: Target ~\u20b910 lakh crore from monetisation (2025-30). <span class=\"\" data-state=\"closed\"><span class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\" data-testid=\"webpage-citation-pill\"><a class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium transition-colors duration-150 ease-in-out text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]!\" style=\"color: #000000;\" href=\"https:\/\/www.indiabudget.gov.in\/doc\/bh1.pdf?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener\"><span class=\"relative start-0 bottom-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between overflow-hidden\"><span class=\"max-w-[15ch] grow truncate overflow-hidden text-center\">India Budget<\/span><\/span><\/span><\/a><\/span><\/span><\/span><\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"2473\" data-end=\"2516\"><span style=\"color: #000000;\">\ud83d\udd39 Sustainability &amp; Agriculture Focus<\/span><\/h3>\n<ul data-start=\"2517\" data-end=\"2762\">\n<li data-start=\"2517\" data-end=\"2617\">\n<p data-start=\"2519\" data-end=\"2617\"><span style=\"color: #000000;\">Agriculture emphasised as \u201cfirst engine of development\u201d. <span class=\"\" data-state=\"closed\"><span class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\" data-testid=\"webpage-citation-pill\"><a class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium transition-colors duration-150 ease-in-out text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]!\" style=\"color: #000000;\" href=\"https:\/\/www.pib.gov.in\/PressReleaseIframePage.aspx?PRID=2098353&amp;utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener\"><span class=\"relative start-0 bottom-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between overflow-hidden\"><span class=\"max-w-[15ch] grow truncate overflow-hidden text-center\">Press Information Bureau<\/span><\/span><\/span><\/a><\/span><\/span><\/span><\/p>\n<\/li>\n<li data-start=\"2618\" data-end=\"2762\">\n<p data-start=\"2620\" data-end=\"2762\"><span style=\"color: #000000;\">Power sector reforms: Incentives for distribution reforms and intra-state transmission augmentation. <span class=\"\" data-state=\"closed\"><span class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\" data-testid=\"webpage-citation-pill\"><a class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium transition-colors duration-150 ease-in-out text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]!\" style=\"color: #000000;\" href=\"https:\/\/www.indiabudget.gov.in\/doc\/bh1.pdf?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener\"><span class=\"relative start-0 bottom-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between overflow-hidden\"><span class=\"max-w-[15ch] grow truncate overflow-hidden text-center\">India Budget<\/span><\/span><\/span><\/a><\/span><\/span><\/span><\/p>\n<\/li>\n<\/ul>\n<hr data-start=\"2764\" data-end=\"2767\" \/>\n<h2 data-start=\"2769\" data-end=\"2809\"><span style=\"color: #000000;\">\ud83e\udde0 Why This Budget Matters for UPSC<\/span><\/h2>\n<ul data-start=\"2810\" data-end=\"3289\">\n<li data-start=\"2810\" data-end=\"2929\">\n<p data-start=\"2812\" data-end=\"2929\"><span style=\"color: #000000;\"><strong data-start=\"2812\" data-end=\"2849\">Policy &amp; Governance (GS Paper 2):<\/strong> Shows how fiscal policy, federal-state coordination, and public finance work.<\/span><\/p>\n<\/li>\n<li data-start=\"2930\" data-end=\"3042\">\n<p data-start=\"2932\" data-end=\"3042\"><span style=\"color: #000000;\"><strong data-start=\"2932\" data-end=\"2966\">Economy &amp; Growth (GS Paper 3):<\/strong> Combines targets of investment, debt, tax policy, and structural reforms.<\/span><\/p>\n<\/li>\n<li data-start=\"3043\" data-end=\"3155\">\n<p data-start=\"3045\" data-end=\"3155\"><span style=\"color: #000000;\"><strong data-start=\"3045\" data-end=\"3064\">Ethics \/ Essay:<\/strong> Themes like inclusive growth, fiscal responsibility, social justice are ripe for essays.<\/span><\/p>\n<\/li>\n<li data-start=\"3156\" data-end=\"3289\">\n<p data-start=\"3158\" data-end=\"3289\"><span style=\"color: #000000;\"><strong data-start=\"3158\" data-end=\"3179\">Real-world Cases:<\/strong> A candidate can link budgeting to sustainable development goals, fiscal, social and environmental trade-offs.<\/span><\/p>\n<\/li>\n<\/ul>\n<hr data-start=\"3291\" data-end=\"3294\" \/>\n<h2 data-start=\"3296\" data-end=\"3326\"><span style=\"color: #000000;\">\ud83d\udd0d Analytical Perspective<\/span><\/h2>\n<h3 data-start=\"3328\" data-end=\"3349\"><span style=\"color: #000000;\">\u2705 Opportunities<\/span><\/h3>\n<ul data-start=\"3350\" data-end=\"3719\">\n<li data-start=\"3350\" data-end=\"3445\">\n<p data-start=\"3352\" data-end=\"3445\"><span style=\"color: #000000;\">Lower fiscal deficit signals greater <strong data-start=\"3389\" data-end=\"3412\">investor confidence<\/strong> and rating agency credibility.<\/span><\/p>\n<\/li>\n<li data-start=\"3446\" data-end=\"3528\">\n<p data-start=\"3448\" data-end=\"3528\"><span style=\"color: #000000;\">High capex means more infrastructure, jobs, and multiplier effects in economy.<\/span><\/p>\n<\/li>\n<li data-start=\"3529\" data-end=\"3631\">\n<p data-start=\"3531\" data-end=\"3631\"><span style=\"color: #000000;\">Improved state finances through conditional borrowing encourages reforms and decentralised growth.<\/span><\/p>\n<\/li>\n<li data-start=\"3632\" data-end=\"3719\">\n<p data-start=\"3634\" data-end=\"3719\"><span style=\"color: #000000;\">Tax relief for middle class can boost consumption and revive demand in urban sectors.<\/span><\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"3721\" data-end=\"3740\"><span style=\"color: #000000;\">\u26a0\ufe0f Challenges<\/span><\/h3>\n<ul data-start=\"3741\" data-end=\"4174\">\n<li data-start=\"3741\" data-end=\"3845\">\n<p data-start=\"3743\" data-end=\"3845\"><span style=\"color: #000000;\">Achieving the 4.4% deficit target amidst global headwinds, inflation, and spending demands is tough.<\/span><\/p>\n<\/li>\n<li data-start=\"3846\" data-end=\"3935\">\n<p data-start=\"3848\" data-end=\"3935\"><span style=\"color: #000000;\">Growth in revenues must keep pace with expenditure; else borrowing or debt will rise.<\/span><\/p>\n<\/li>\n<li data-start=\"3936\" data-end=\"4018\">\n<p data-start=\"3938\" data-end=\"4018\"><span style=\"color: #000000;\">Asset monetisation may face delays, structural issues, and monetisation risks.<\/span><\/p>\n<\/li>\n<li data-start=\"4019\" data-end=\"4174\">\n<p data-start=\"4021\" data-end=\"4174\"><span style=\"color: #000000;\">Stimulus via tax cuts may be <strong data-start=\"4050\" data-end=\"4063\">temporary<\/strong>, unless structural reforms (economy, manufacturing, exports) follow. <span class=\"\" data-state=\"closed\"><span class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\" data-testid=\"webpage-citation-pill\"><a class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium transition-colors duration-150 ease-in-out text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]!\" style=\"color: #000000;\" href=\"https:\/\/www.ideasforindia.in\/topics\/macroeconomics\/union-budget-2025-26-many-small-measures-but-lacks-big-ideas.html?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener\"><span class=\"relative start-0 bottom-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between overflow-hidden\"><span class=\"max-w-[15ch] grow truncate overflow-hidden text-center\">Ideas for India<\/span><\/span><\/span><\/a><\/span><\/span><\/span><\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"4176\" data-end=\"4196\"><span style=\"color: #000000;\">\ud83d\udd2d Way Forward<\/span><\/h3>\n<ul data-start=\"4197\" data-end=\"4600\">\n<li data-start=\"4197\" data-end=\"4292\">\n<p data-start=\"4199\" data-end=\"4292\"><span style=\"color: #000000;\">Focus on growing revenue base: broaden tax base, improve tax-compliance, reduce exemptions.<\/span><\/p>\n<\/li>\n<li data-start=\"4293\" data-end=\"4386\">\n<p data-start=\"4295\" data-end=\"4386\"><span style=\"color: #000000;\">Prioritise public investment in quality \u2014 not just quantity \u2014 to avoid wasteful spending.<\/span><\/p>\n<\/li>\n<li data-start=\"4387\" data-end=\"4485\">\n<p data-start=\"4389\" data-end=\"4485\"><span style=\"color: #000000;\">Strengthen state-centre cooperation, reforms in states for borrowing capacity, infrastructure.<\/span><\/p>\n<\/li>\n<li data-start=\"4486\" data-end=\"4600\">\n<p data-start=\"4488\" data-end=\"4600\"><span style=\"color: #000000;\">Monitor debt-to-GDP closely, maintain sustainability, and transition to <strong data-start=\"4560\" data-end=\"4584\">debt-based benchmark<\/strong> beyond 2025-26.<\/span><\/p>\n<\/li>\n<\/ul>\n<hr data-start=\"4602\" data-end=\"4605\" \/>\n<h2 data-start=\"4607\" data-end=\"4632\"><span style=\"color: #000000;\">\ud83d\udcd6 Quick Facts Table<\/span><\/h2>\n<div class=\"_tableContainer_1rjym_1\">\n<div class=\"group _tableWrapper_1rjym_13 flex w-fit flex-col-reverse\" tabindex=\"-1\">\n<table class=\"w-fit min-w-(--thread-content-width)\" data-start=\"4634\" data-end=\"5139\">\n<thead data-start=\"4634\" data-end=\"4667\">\n<tr data-start=\"4634\" data-end=\"4667\">\n<th data-start=\"4634\" data-end=\"4646\" data-col-size=\"sm\"><span style=\"color: #000000;\">Indicator<\/span><\/th>\n<th data-start=\"4646\" data-end=\"4667\" data-col-size=\"md\"><span style=\"color: #000000;\">FY 2025-26 Target<\/span><\/th>\n<\/tr>\n<\/thead>\n<tbody data-start=\"4702\" data-end=\"5139\">\n<tr data-start=\"4702\" data-end=\"4774\">\n<td data-start=\"4702\" data-end=\"4719\" data-col-size=\"sm\"><span style=\"color: #000000;\">Fiscal Deficit<\/span><\/td>\n<td data-start=\"4719\" data-end=\"4774\" data-col-size=\"md\"><span style=\"color: #000000;\">4.4% of GDP <span class=\"\" data-state=\"closed\"><span class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\" data-testid=\"webpage-citation-pill\"><a class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium transition-colors duration-150 ease-in-out text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]!\" style=\"color: #000000;\" href=\"https:\/\/www.pib.gov.in\/PressReleaseIframePage.aspx?PRID=2098353&amp;utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener\"><span class=\"relative start-0 bottom-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between\"><span class=\"max-w-[15ch] grow truncate overflow-hidden text-center\">Press Information Bureau<\/span><span class=\"-me-1 flex h-full items-center rounded-full px-1 text-[#8F8F8F]\">+1<\/span><\/span><\/span><\/a><\/span><\/span><\/span><\/td>\n<\/tr>\n<tr data-start=\"4775\" data-end=\"4873\">\n<td data-start=\"4775\" data-end=\"4797\" data-col-size=\"sm\"><span style=\"color: #000000;\">Capital Expenditure<\/span><\/td>\n<td data-start=\"4797\" data-end=\"4873\" data-col-size=\"md\"><span style=\"color: #000000;\">\u20b911.21 lakh crore (~3.1% of GDP) <span class=\"\" data-state=\"closed\"><span class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\" data-testid=\"webpage-citation-pill\"><a class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium transition-colors duration-150 ease-in-out text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]!\" style=\"color: #000000;\" href=\"https:\/\/www.ey.com\/content\/dam\/ey-unified-site\/ey-com\/en-in\/technical\/alerts-hub\/documents\/2025\/ey-union-budget-2025-highlights.pdf?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener\"><span class=\"relative start-0 bottom-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between\"><span class=\"max-w-[15ch] grow truncate overflow-hidden text-center\">EY<\/span><span class=\"-me-1 flex h-full items-center rounded-full px-1 text-[#8F8F8F]\">+1<\/span><\/span><\/span><\/a><\/span><\/span><\/span><\/td>\n<\/tr>\n<tr data-start=\"4874\" data-end=\"4959\">\n<td data-start=\"4874\" data-end=\"4902\" data-col-size=\"sm\"><span style=\"color: #000000;\">Outstanding Debt (Centre)<\/span><\/td>\n<td data-start=\"4902\" data-end=\"4959\" data-col-size=\"md\"><span style=\"color: #000000;\">~56.1% of GDP <span class=\"\" data-state=\"closed\"><span class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\" data-testid=\"webpage-citation-pill\"><a class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium transition-colors duration-150 ease-in-out text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]!\" style=\"color: #000000;\" href=\"https:\/\/prsindia.org\/budgets\/parliament\/union-budget-2025-26-analysis?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener\"><span class=\"relative start-0 bottom-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between overflow-hidden\"><span class=\"max-w-[15ch] grow truncate overflow-hidden text-center\">PRS Legislative Research<\/span><\/span><\/span><\/a><\/span><\/span><\/span><\/td>\n<\/tr>\n<tr data-start=\"4960\" data-end=\"5041\">\n<td data-start=\"4960\" data-end=\"4979\" data-col-size=\"sm\"><span style=\"color: #000000;\">Net Tax Receipts<\/span><\/td>\n<td data-start=\"4979\" data-end=\"5041\" data-col-size=\"md\"><span style=\"color: #000000;\">~\u20b928.37 lakh crore <span class=\"\" data-state=\"closed\"><span class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\" data-testid=\"webpage-citation-pill\"><a class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium transition-colors duration-150 ease-in-out text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]!\" style=\"color: #000000;\" href=\"https:\/\/www.pib.gov.in\/PressReleaseIframePage.aspx?PRID=2098353&amp;utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener\"><span class=\"relative start-0 bottom-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between overflow-hidden\"><span class=\"max-w-[15ch] grow truncate overflow-hidden text-center\">Press Information Bureau<\/span><\/span><\/span><\/a><\/span><\/span><\/span><\/td>\n<\/tr>\n<tr data-start=\"5042\" data-end=\"5139\">\n<td data-start=\"5042\" data-end=\"5070\" data-col-size=\"sm\"><span style=\"color: #000000;\">Asset Monetisation Target<\/span><\/td>\n<td data-start=\"5070\" data-end=\"5139\" data-col-size=\"md\"><span style=\"color: #000000;\">~\u20b910 lakh crore (2025-30) <span class=\"\" data-state=\"closed\"><span class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\" data-testid=\"webpage-citation-pill\"><a class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium transition-colors duration-150 ease-in-out text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]!\" style=\"color: #000000;\" href=\"https:\/\/www.indiabudget.gov.in\/doc\/bh1.pdf?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener\"><span class=\"relative start-0 bottom-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between overflow-hidden\"><span class=\"max-w-[15ch] grow truncate overflow-hidden text-center\">India Budget<\/span><\/span><\/span><\/a><\/span><\/span><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<hr data-start=\"5141\" data-end=\"5144\" \/>\n<h2 data-start=\"5146\" data-end=\"5172\"><span style=\"color: #000000;\">\ud83c\udfaf Practice Questions<\/span><\/h2>\n<h3 data-start=\"5174\" data-end=\"5211\"><span style=\"color: #000000;\">Multiple-Choice (Prelims Style)<\/span><\/h3>\n<ol data-start=\"5212\" data-end=\"6282\">\n<li data-start=\"5212\" data-end=\"5405\">\n<p data-start=\"5215\" data-end=\"5405\"><span style=\"color: #000000;\">What is the fiscal deficit target of India for FY 2025-26?<\/span><br data-start=\"5273\" data-end=\"5276\" \/><span style=\"color: #000000;\">A) 5.0% of GDP\u2003B) 4.8% of GDP\u2003C) <strong data-start=\"5312\" data-end=\"5327\">4.4% of GDP<\/strong>\u2003D) 3.9% of GDP<\/span><br data-start=\"5342\" data-end=\"5345\" \/><span style=\"color: #000000;\">\u2705 <strong data-start=\"5350\" data-end=\"5361\">Answer:<\/strong> C <span class=\"\" data-state=\"closed\"><span class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\" data-testid=\"webpage-citation-pill\"><a class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium transition-colors duration-150 ease-in-out text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]!\" style=\"color: #000000;\" href=\"https:\/\/prsindia.org\/budgets\/parliament\/union-budget-2025-26-analysis?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener\"><span class=\"relative start-0 bottom-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between\"><span class=\"max-w-[15ch] grow truncate overflow-hidden text-center\">PRS Legislative Research<\/span><span class=\"-me-1 flex h-full items-center rounded-full px-1 text-[#8F8F8F]\">+1<\/span><\/span><\/span><\/a><\/span><\/span><\/span><\/p>\n<\/li>\n<li data-start=\"5407\" data-end=\"5630\">\n<p data-start=\"5410\" data-end=\"5630\"><span style=\"color: #000000;\">The capital expenditure for FY 2025-26 has been pegged at approximately:<\/span><br data-start=\"5482\" data-end=\"5485\" \/><span style=\"color: #000000;\">A) \u20b99 lakh crore\u2003B) <strong data-start=\"5508\" data-end=\"5529\">\u20b911.21 lakh crore<\/strong>\u2003C) \u20b912.5 lakh crore\u2003D) \u20b915 lakh crore<\/span><br data-start=\"5567\" data-end=\"5570\" \/><span style=\"color: #000000;\">\u2705 <strong data-start=\"5575\" data-end=\"5586\">Answer:<\/strong> B <span class=\"\" data-state=\"closed\"><span class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\" data-testid=\"webpage-citation-pill\"><a class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium transition-colors duration-150 ease-in-out text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]!\" style=\"color: #000000;\" href=\"https:\/\/www.pib.gov.in\/PressReleaseIframePage.aspx?PRID=2098353&amp;utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener\"><span class=\"relative start-0 bottom-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between overflow-hidden\"><span class=\"max-w-[15ch] grow truncate overflow-hidden text-center\">Press Information Bureau<\/span><\/span><\/span><\/a><\/span><\/span><\/span><\/p>\n<\/li>\n<li data-start=\"5632\" data-end=\"5817\">\n<p data-start=\"5635\" data-end=\"5817\"><span style=\"color: #000000;\">By which year does India aim to reduce the central government debt to ~50% of GDP?<\/span><br data-start=\"5717\" data-end=\"5720\" \/><span style=\"color: #000000;\">A) 2028\u2003B) 2031\u2003C) 2035\u2003D) 2040<\/span><br data-start=\"5754\" data-end=\"5757\" \/><span style=\"color: #000000;\">\u2705 <strong data-start=\"5762\" data-end=\"5773\">Answer:<\/strong> B <span class=\"\" data-state=\"closed\"><span class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\" data-testid=\"webpage-citation-pill\"><a class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium transition-colors duration-150 ease-in-out text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]!\" style=\"color: #000000;\" href=\"https:\/\/www.reuters.com\/world\/india\/india-budget-india-targets-fiscal-deficit-44-2025-26-sets-path-bring-down-debt-2025-02-01\/?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener\"><span class=\"relative start-0 bottom-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between overflow-hidden\"><span class=\"max-w-[15ch] grow truncate overflow-hidden text-center\">Reuters<\/span><\/span><\/span><\/a><\/span><\/span><\/span><\/p>\n<\/li>\n<li data-start=\"5819\" data-end=\"6095\">\n<p data-start=\"5822\" data-end=\"6095\"><span style=\"color: #000000;\">Which of the following is NOT a feature of the Budget 2025-26?<\/span><br data-start=\"5884\" data-end=\"5887\" \/><span style=\"color: #000000;\">A) Agriculture as first engine of growth\u2003B) Asset Monetisation plan of \u20b910 lakh crore\u2003C) Fiscal deficit target of 6% of GDP\u2003D) Additional state borrowing of 0.5% of GSDP with reforms<\/span><br data-start=\"6072\" data-end=\"6075\" \/><span style=\"color: #000000;\">\u2705 <strong data-start=\"6080\" data-end=\"6091\">Answer:<\/strong> C<\/span><\/p>\n<\/li>\n<li data-start=\"6097\" data-end=\"6282\">\n<p data-start=\"6100\" data-end=\"6282\"><span style=\"color: #000000;\">The revenue deficit targeted for FY 2025-26 is around:<\/span><br data-start=\"6154\" data-end=\"6157\" \/><span style=\"color: #000000;\">A) 2.5% of GDP\u2003B) <strong data-start=\"6178\" data-end=\"6193\">1.5% of GDP<\/strong>\u2003C) 3% of GDP\u2003D) 4% of GDP<\/span><br data-start=\"6219\" data-end=\"6222\" \/><span style=\"color: #000000;\">\u2705 <strong data-start=\"6227\" data-end=\"6238\">Answer:<\/strong> B <span class=\"\" data-state=\"closed\"><span class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\" data-testid=\"webpage-citation-pill\"><a class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium transition-colors duration-150 ease-in-out text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]!\" style=\"color: #000000;\" href=\"https:\/\/prsindia.org\/budgets\/parliament\/union-budget-2025-26-analysis?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener\"><span class=\"relative start-0 bottom-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between overflow-hidden\"><span class=\"max-w-[15ch] grow truncate overflow-hidden text-center\">PRS Legislative Research<\/span><\/span><\/span><\/a><\/span><\/span><\/span><\/p>\n<\/li>\n<\/ol>\n<h3 data-start=\"6284\" data-end=\"6311\"><span style=\"color: #000000;\">Mains-Style Questions<\/span><\/h3>\n<ol start=\"6\" data-start=\"6312\" data-end=\"6988\">\n<li data-start=\"6312\" data-end=\"6455\">\n<p data-start=\"6315\" data-end=\"6455\"><span style=\"color: #000000;\"><em data-start=\"6315\" data-end=\"6453\">\u201cAnalyse how the Union Budget 2025-26 balances fiscal consolidation with development needs. What are the key risks and recommendations?\u201d<\/em><\/span><\/p>\n<\/li>\n<li data-start=\"6456\" data-end=\"6571\">\n<p data-start=\"6459\" data-end=\"6571\"><span style=\"color: #000000;\"><em data-start=\"6459\" data-end=\"6569\">\u201cDiscuss the role of asset monetisation in India\u2019s fiscal strategy. What are the advantages and challenges?\u201d<\/em><\/span><\/p>\n<\/li>\n<li data-start=\"6572\" data-end=\"6696\">\n<p data-start=\"6575\" data-end=\"6696\"><span style=\"color: #000000;\"><em data-start=\"6575\" data-end=\"6694\">\u201cWith the fiscal deficit placed at 4.4% of GDP for 2025-26, critically evaluate India\u2019s path to debt sustainability.\u201d<\/em><\/span><\/p>\n<\/li>\n<li data-start=\"6697\" data-end=\"6831\">\n<p data-start=\"6700\" data-end=\"6831\"><span style=\"color: #000000;\"><em data-start=\"6700\" data-end=\"6829\">\u201cExamine how the Budget 2025-26 addresses agriculture as the first engine of growth. What structural reforms are still needed?\u201d<\/em><\/span><\/p>\n<\/li>\n<li data-start=\"6832\" data-end=\"6988\">\n<p data-start=\"6836\" data-end=\"6988\"><span style=\"color: #000000;\"><em data-start=\"6836\" data-end=\"6986\">\u201cIn the context of GS Paper 3, explain how capital expenditure of 3.1% of GDP in 2025-26 can impact India\u2019s growth trajectory. What caveats remain?\u201d<\/em><\/span><\/p>\n<\/li>\n<\/ol>\n<hr data-start=\"6990\" data-end=\"6993\" \/>\n<h2 data-start=\"6995\" data-end=\"7013\"><span style=\"color: #000000;\">\ud83c\udfc1 Conclusion<\/span><\/h2>\n<p data-start=\"7014\" data-end=\"7364\"><span style=\"color: #000000;\">The Union Budget 2025-26 is a <strong data-start=\"7044\" data-end=\"7065\">strategic roadmap<\/strong>, signalling India\u2019s commitment to growth with discipline. It doesn\u2019t merely count numbers; it sets the tone for investment, reform, and fiscal management. For UPSC aspirants, this budget offers a rich topic: one that links public finance, governance, policy trade-offs and India\u2019s growth narrative.<\/span><\/p>\n<p data-start=\"7366\" data-end=\"7560\"><span style=\"color: #000000;\">At <strong data-start=\"7369\" data-end=\"7387\">Mumkin Hai IAS<\/strong>, remember: <em data-start=\"7399\" data-end=\"7460\">Understanding the framework is as important as the figures.<\/em><\/span><br data-start=\"7460\" data-end=\"7463\" \/><span style=\"color: #000000;\">Keep analysing. Keep linking. Because when policy meets clarity \u2014 <strong data-start=\"7529\" data-end=\"7560\">success becomes everything.<\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Mumkin Hai IAS Editorial Team \ud83d\udd30 Introduction The Union Budget for FY 2025-26, presented by Nirmala\u202fSitharaman on 1 February 2025, is more than just numbers \u2013 it signals India\u2019s roadmap for growth in a challenging global context. Fiscal consolidation, infrastructure investment and social-inclusion remain key pillars. The budget sets a clear target: reducing the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kadence_starter_templates_imported_post":false,"_kad_post_transparent":"default","_kad_post_title":"default","_kad_post_layout":"default","_kad_post_sidebar_id":"","_kad_post_content_style":"default","_kad_post_vertical_padding":"default","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-275","post","type-post","status-publish","format-standard","hentry","category-economics"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mumkinhaiias.in\/index.php?rest_route=\/wp\/v2\/posts\/275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mumkinhaiias.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mumkinhaiias.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mumkinhaiias.in\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mumkinhaiias.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=275"}],"version-history":[{"count":1,"href":"https:\/\/mumkinhaiias.in\/index.php?rest_route=\/wp\/v2\/posts\/275\/revisions"}],"predecessor-version":[{"id":276,"href":"https:\/\/mumkinhaiias.in\/index.php?rest_route=\/wp\/v2\/posts\/275\/revisions\/276"}],"wp:attachment":[{"href":"https:\/\/mumkinhaiias.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mumkinhaiias.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mumkinhaiias.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}