Union Budget 2025: Strengthening India’s Economic Foundations
- Ravi Kohli
- Feb 3
- 3 min read
Updated: May 11
New Delhi [India], February 3: The Union Budget 2025 was unveiled on February 1, with Finance Minister Nirmala Sitharaman introducing several measures aimed at boosting economic stability and fostering national development. The budget focuses on tax reforms, infrastructure growth, employment generation, and technological advancement.
"This budget ensures growth for all sectors. It provides much-needed tax relief, investment in research, and job opportunities. India is on the right track," said Abhay Bhutada, reflecting on the budget’s key initiatives.
Abhay Bhutada, a leading entrepreneur in the financial sector, is the Vice Chairman of Rising Sun Holdings. He also heads the Abhay Bhutada Foundation, which is dedicated to social development and educational support for underprivileged students. His efforts align with the broader vision of inclusive growth and economic stability.
Key Highlights of Union Budget 2025
Higher Income Tax Exemption:
Individuals earning up to Rs 12 lakh annually are now exempt from income tax. This change is expected to enhance disposable income and boost consumer spending.
Increased Capital Expenditure:
The government has allocated Rs 11.21 lakh crore for capital expenditure in FY2025-26, up from Rs 11.11 lakh crore in the previous fiscal year. This investment will support large-scale infrastructure projects.
Development of Bihar’s Makhana Industry:
The creation of a Makhana Board in Bihar will help improve production, processing, and market access, supporting local farmers and small businesses.
Employment Growth Initiative:
The government has planned to create 22 lakh new jobs, particularly in the footwear and leather industries, to strengthen employment in labor-intensive sectors.
Expansion of the UDAN Scheme:
The revamped UDAN scheme will connect 120 new destinations, with an aim to transport 4 crore passengers over the next decade, promoting regional connectivity.
Prime Minister Dhan-Dhaanya Krishi Yojana:
The initiative will develop 100 agricultural districts, benefiting approximately 1.7 crore farmers and modernizing agricultural practices.
Investment in Research and Innovation:
A budget of Rs 20,000 crore has been allocated to encourage private-sector-led research and technological advancements.
PM Research Fellowship Program:
Ten thousand fellowships will be awarded to researchers at IITs and IISc to promote technological breakthroughs and scientific excellence.
Incentives for Electronics and Electric Vehicles:
Tax exemptions have been introduced for key components like open-cell LED/LCD TV panels, textile looms, and lithium-ion battery capital goods used in mobile phones and electric vehicles.
Support for Shipbuilding and Repairs:
The government has granted a 10-year exemption on shipbuilding and shipbreaking materials, along with extended benefits for railway goods imported for repairs and export.
A Vision for Sustainable Growth
The Union Budget 2025 outlines a path for long-term economic resilience. By combining fiscal responsibility with forward-looking investments, the budget aims to enhance infrastructure, job creation, and technological research.
Tax relief and increased capital investment will provide financial stability to individuals and businesses, while incentives for research and manufacturing will boost innovation. The focus on regional connectivity and employment growth is expected to drive widespread economic progress.
Abhay Bhutada remains optimistic about the nation’s future, believing that these budgetary measures will drive sustainable growth. He emphasizes the need for continued investment in key sectors to ensure long-term prosperity and development.
With a strategic approach to national progress, India is set to experience robust growth, enhanced opportunities, and financial stability. As the country moves forward, this budget serves as a strong foundation for sustained economic success.
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