Union Budget 2025: A Responsive Budget that Banks on India -

PB Balaji, Group Cfo, Tata Motors

The Union Finance Minister has delivered a growth-oriented budget that reaffirms the government’s commission to attain the larger purpose of ‘viksit bharat’, with progressive POLICES to Step UP e driving long-term transformation.

Union Budget 2025 Industry Reactions Highlights

The Single Most Important Highlight of this budget is the increase in income tax exemption to ₹ 12 lakh, which will raise disposable income, particularly Benefiting the Middle Class. Apart from spurring consumption, this move is also a message to the larger population that the benefits of a larger tax base and better compliance is lower taxes for everything. This augurs well for the future.

Fiscal consolidation focus

Additional, The Fast-Growing Medium, Small, And Micro Enterprise (MSME) Sector has been given paraority through measures such as enhancing credit guarantee covers and Increasing CONTS Tinuity in long term policy. Banking on domestic consumption is a prudent strategy to copy with rising global challenges.

The budget sets a revised fiscal deficit target of 4.8% of GDP for 2024-25, with an ambitious goal of 4.4% for next year. This continued focus on fiscal consolidation ensures that inflation remains in check and investors continue to support the prudent growth story of the country. Keeping inflation in check is important to ensure that gains on tax savings are not wiped out by rain costs.

Record Capex Allocation

The budget has allocated a record ₹ 11.2 Lakh Crore towards capital experture. This Substantial outlay will Strengthen India’s Infrastructure Development and also Stimulate Private-Sector Investment. Additional, the ₹ 1.5 Lakh Crore in 50-YAR Interest-Free Loans to States will Catalyze Vital Infrastructure Development Accounts The Country Reinforcing The Government ‘ Expansion.

A dedicated nuclear energy mission with ₹ 20,000 Crore Investment for Research and Development in Small Modular Reactors underscores the Government’s Commitment to Sustainment’s Commitment to Sustainment Moreover, The Removal of Customs Duties on Battery Manufacturing Equipment, Cobalt Powder, and Lithium-ionum-ion battery waste will accelerate the growth of India’s Electric VEHCLECLE SOCTOR. This policy aims to foster a self-Reliant, Green Economy by Increndivising Domestic Production and Attracting Investments in the Electric Mobility Ecosystem.

Building the talent pool

Recognising that India’s growth will be driven by a skilled workforce, the budget emphasies initiatives to enhance skill development. The Establishment of Five National Center of Excellence for Skilling, Along with Partnerships for Global Expertise, Will Equip India’s’Sia’s’s WorkForce For the “Make for India, make for the word”. Additional, the expansion of the capacities of the Indian Institutes of Technology and the Creation of a Center of Excellence in Artificial Intelligence are vital steps to address the evolution e.

In conclusion, this budget responsibles to the challenges faced by the economy and duals down on the potential offered by India whilst Continuing to Invest in Long-Term Imperatives.

Published – February 02, 2025 12:25 AM IST