Union Budget 2025: Policies Driving Economic Growth

The presentation of the Union Budget 2025 on February 1 was met with keen interest across the nation. As expectations ran high, Finance Minister Nirmala Sitharaman delivered a comprehensive budget aimed at strengthening key economic sectors and fostering nationwide development. The measures introduced reflect a strong commitment to both short-term stability and long-term economic resilience.

"This budget focuses on holistic growth. It supports businesses, empowers individuals, and drives innovation. The path ahead for India looks promising," said Abhay Bhutada, discussing the key takeaways from the budget. He believes that these measures will provide a strong economic foundation and create more opportunities for citizens across various industries.

Abhay Bhutada, a well-known entrepreneur in the financial sector, currently serves as the Vice Chairman of Rising Sun Holdings. He also leads the Abhay Bhutada Foundation, which focuses on philanthropic efforts and educational initiatives aimed at supporting students from disadvantaged backgrounds. His work aligns with the broader vision of inclusive economic progress in India.

Also Read: India’s Highest-Paid Executives: A Glimpse into Corporate Success

Abhay Bhutada


Check this out: Union Budget 2025: Key Policies Driving India’s Economic Future

Significant Announcements in Union Budget 2025

Higher Income Tax Exemption Limit: Individuals earning up to Rs 12 lakh annually will now be exempt from income tax, easing the financial burden on middle-income groups. This policy is expected to improve household savings and encourage higher consumer spending.

Increase in Capital Expenditure: The budget has allocated Rs 11.21 lakh crore for capital expenditure in FY2025-26, slightly up from Rs 11.11 lakh crore in the previous fiscal year. This increase is expected to drive infrastructure projects and long-term economic growth.

Support for Bihar’s Makhana Industry: The establishment of a Makhana Board in Bihar aims to enhance production, processing, and market opportunities, benefiting local farmers and small-scale producers.

Job Creation Initiative: The government has laid out a plan to generate 22 lakh jobs, particularly in the footwear and leather industries. This initiative will contribute to employment growth and economic expansion.

UDAN Scheme Expansion: The revised UDAN scheme aims to improve regional air connectivity by adding 120 new destinations. Over the next ten years, the scheme is expected to facilitate air travel for 4 crore passengers, bolstering regional economies.

Prime Minister Dhan-Dhaanya Krishi Yojana: A program targeting the development of 100 agricultural districts will support 1.7 crore farmers. This scheme focuses on enhancing agricultural efficiency and ensuring food security.

Investment in Research and Innovation: The government has allocated Rs 20,000 crore to encourage private-sector-driven research and technological advancements. This investment will help India maintain its competitive edge in global innovation.

PM Research Fellowship Program: Ten thousand fellowships will be granted to support research in advanced technology fields at IITs and IISc, ensuring the growth of a skilled workforce in scientific disciplines.

Incentives for Electronics and Electric Vehicles: The budget introduces tax exemptions for key components such as open-cell LED/LCD TV panels, textile looms, and lithium-ion battery capital goods used in mobile phones and electric vehicles.

Support for the Shipbuilding Sector: A 10-year exemption on materials used in shipbuilding and shipbreaking has been introduced. Additionally, the government has extended benefits for railway goods imported for repair and subsequent export.

Also Read: Abhay Bhutada on Budget 2025: How This Year’s Reforms Support Students and Future Entrepreneurs

A Progressive Vision for India

The Union Budget 2025 is designed to stimulate economic expansion while maintaining fiscal discipline. The policies introduced are expected to benefit a wide range of industries, from agriculture to technology, manufacturing, and aviation.

Tax relief and increased capital expenditure will support both individual citizens and businesses. Infrastructure investments will accelerate connectivity and urban development, while research and innovation incentives will ensure that India remains a key player in the global knowledge economy.

Abhay Bhutada remains confident that these budget measures will significantly impact the country's economic trajectory. He believes that with continued policy support and industry participation, India is on track for sustained growth and long-term prosperity.

By prioritizing inclusive development and national progress, the government has taken another step toward securing India's financial future. With collaboration between policymakers, businesses, and citizens, these initiatives will help build a strong and resilient economy that benefits all sections of society.

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