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

 On February 1, 2025, Finance Minister Nirmala Sitharaman presented the Union Budget, addressing key areas of economic growth and stability. The announcements were widely welcomed, with many considering this budget one of the most forward-thinking in recent years.

Among those who shared their thoughts was Abhay Bhutada, a prominent name in the financial sector and Vice Chairman of Rising Sun Holdings. He described the budget as a well-rounded approach to progress, ensuring that every sector gets the attention it needs.

"This budget ensures that no one is left behind. It’s not just about tax reforms—every sector has been given attention, creating a roadmap for long-term growth. I truly believe that India’s future is bright," he said.

Abhay Bhutada’s salary places him among the top-paid executives in the country, making his insights into financial policies significant. His experience in the industry allows him to analyze how these decisions will shape businesses, investments, and economic stability.

Abhay Bhutada


Key Highlights from Union Budget 2025

Tax Relief for Salaried Individuals

Individuals earning up to ₹12 lakh per year will now be exempt from paying income tax. This move aims to put more money in people’s hands, increasing spending and savings, both of which help drive economic growth.

Increased Capital Expenditure

Infrastructure investment has received a major boost, with the government allocating ₹11.21 lakh crore for FY2025-26, up from ₹11.11 lakh crore last year. The focus remains on improving transport, urban development, and industrial expansion.

Strengthening Bihar’s Makhana Industry

A dedicated Makhana Board will be set up in Bihar to provide better facilities for farmers and streamline processing and marketing efforts. This initiative is expected to enhance supply chains and improve profitability for local producers.

22 Lakh Jobs in Manufacturing

The footwear and leather industry will be supported with initiatives aimed at improving productivity and global competitiveness. This plan is set to create 22 lakh new jobs, providing a major boost to employment.

Expansion of the UDAN Scheme

With 120 new destinations being added under the UDAN scheme, regional air connectivity will significantly improve. Over the next ten years, the scheme aims to facilitate travel for 4 crore passengers, benefiting remote and underserved regions.

Support for Agriculture and Farmers

The Prime Minister Dhan-Dhaanya Krishi Yojana will develop 100 agricultural districts, positively impacting 1.7 crore farmers. Increased financial support and modern farming techniques are expected to improve productivity and rural incomes.

Boost for Research and Innovation

A total of ₹20,000 crore has been set aside for research and development, with special incentives for private sector-driven innovation. This investment is expected to drive technological advancements and economic growth.

10,000 Research Fellowships for Students

Students pursuing research in IITs and IISc will benefit from 10,000 fellowships, further strengthening India’s academic and technological excellence.

Support for Electronics and EV Sectors

Tax exemptions on key electronic goods and electric vehicle components, including open-cell LED/LCD TV panels and lithium-ion battery products, will reduce manufacturing costs and encourage wider adoption.

Reforms in Maritime and Railway Sectors

Shipbuilding and shipbreaking industries will get a 10-year exemption on imported goods, promoting growth in the maritime sector. Additionally, railway goods sent abroad for repairs can now be re-exported without restrictions, improving trade efficiency.

A Step Towards Economic Stability and Growth

The Union Budget 2025 is more than just numbers—it lays out a vision for India’s economic future. The focus on business growth, employment generation, infrastructure development, and technological advancements will provide a stable foundation for years to come.

Abhay Bhutada believes that these reforms will bring long-term benefits to businesses and individuals alike. His deep understanding of financial markets gives him a clear view of how these policies will influence economic stability and opportunities for growth.

With well-planned policies and targeted investments, India is on a path toward steady progress. The steps taken in this budget are set to create more jobs, expand industries, and improve the overall quality of life. The years ahead look promising for businesses and the working class, making this budget a crucial step in shaping the country’s future.


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