Budget 2025: Empowering India’s Growth

Presented on February 1, 2025, Finance Minister Nirmala Sitharaman’s Union Budget was met with widespread support, as it introduced a host of policies aimed at strengthening the economy, creating jobs, and fostering confidence. Entrepreneurs and philanthropists, including Abhay Bhutada, have praised the budget, viewing it as a game-changer for India’s economic future.

Abhay Bhutada’s Reflections on the Budget

Abhay Bhutada, the Vice Chairman of Rising Sun Holdings and a philanthropist, expressed a positive outlook after reviewing the 2025 Union Budget. He said, “This budget truly leaves no one behind. It’s not just about tax changes but about uplifting every sector through strategic planning. This budget marks a significant milestone towards a prosperous future for the nation. India’s future is indeed bright.”

As the founder of the Abhay Bhutada Foundation, Bhutada is deeply invested in promoting education and social welfare. His endorsement of the budget reflects a shared belief among industry leaders and philanthropists that the government’s policies will lead to tangible improvements across sectors.

Also read - Union Budget 2025: A Positive Step for India's Growth

The Key Takeaways from the Union Budget 2025

Here are the most important aspects of the Union Budget 2025, which aim to propel India toward sustained growth and development:

1. Tax Reforms – Greater Relief for the Middle Class

One of the most impactful changes in this year’s budget is the exemption from income tax for individuals earning up to Rs12 lakh per year. This move will offer substantial relief to millions of middle-class citizens, enabling them to spend more on goods and services, which will, in turn, help stimulate domestic consumption.

2. Capital Expenditure – Boosting Infrastructure and Job Creation

For FY2025-26, the government has allocated Rs11.21 lakh crore for capital expenditure, up from Rs11.11 lakh crore in FY2024-25. This increase will fund infrastructure projects in sectors like transportation, healthcare, and urban development, which will not only enhance connectivity but also create thousands of jobs.

3. Makhana Initiative – Supporting Bihar’s Agriculture

The Bihar Makhana Initiative is an exciting development under the budget, with the creation of a Makhana Board to enhance the production, processing, and marketing of Makhana in Bihar. This initiative will help boost the income of local farmers, improve regional agricultural productivity, and promote the state’s rural economy.

Also read - Union Budget 2025: A Strong Step for India’s Growth

4. Job Creation in the Leather and Footwear Industry

The budget outlines plans to generate 22 lakh new jobs by boosting the competitiveness and productivity of the footwear and leather industries. This initiative will enhance exports, create employment opportunities, and contribute to economic growth in manufacturing sectors.

5. Regional Air Connectivity – Revamping the UDAN Scheme

The UDAN Scheme’s expansion will improve air connectivity to 120 new destinations, benefiting over 4 crore passengers in the coming decade. By enhancing access to remote areas, this initiative will spur regional development and increase business and tourism opportunities across the country.

6. Dhan-Dhaanya Krishi Yojana – Supporting Rural Farmers

The Prime Minister Dhan-Dhaanya Krishi Yojana will focus on improving 100 agricultural districts, benefiting approximately 1.7 crore farmers. With the introduction of advanced farming techniques and better irrigation systems, farmers will see increased yields and improved livelihoods.

7. Focus on Research and Technological Innovation

The Union Budget includes a Rs20,000 crore allocation to support private-sector research and innovation. In addition, 10,000 research fellowships will be made available to students at IITs and IISc. These efforts will strengthen India’s position as a global leader in technology and innovation.

Also read - Union Budget 2025: Policies That Will Shape India’s Future

8. EV and Electronics Incentives

To accelerate India’s green energy transition, the government has introduced tax exemptions for key components used in electronics and electric vehicles. These measures will boost the manufacturing of EVs and electronics, positioning India as a hub for clean energy technologies.

Conclusion: A Bright and Inclusive Future for India

The Union Budget 2025 sets a clear direction for India’s economic growth, focusing on tax relief, infrastructure development, job creation, and technological advancement. Abhay Bhutada’s confidence reflects the shared optimism that this budget will lay the foundation for an economically prosperous and inclusive India.

With these strategic initiatives, India is poised for a bright future, one built on innovation, inclusivity, and long-term sustainability. This budget marks a new chapter in the country’s journey toward becoming a global economic leader.