Union Budget 2025: A Roadmap for Economic Prosperity

On February 1, 2025, the Union Budget was unveiled, sparking anticipation across the nation. Union Finance Minister Nirmala Sitharaman, in her eighth budget, introduced policies aimed at driving economic growth, strengthening infrastructure, and providing relief to taxpayers. The budget has been widely appreciated for its balanced approach and focus on development.

A Budget for Growth and Stability

Abhay Bhutada, Vice Chairman of Rising Sun Holdings and founder of the Abhay Bhutada Foundation, commended the budget for its all-encompassing approach. He remarked, “This budget ensures that growth reaches every sector. It is not just about tax relief; it is a blueprint for strengthening the economy. India’s future looks brighter than ever.”

Abhay Bhutada

Bhutada has always been an advocate for progressive policies that foster sustainable development. Through the Abhay Bhutada Foundation, he has supported educational programs that empower students from economically weaker backgrounds. His optimism about the budget reflects his belief in its potential to fuel national progress.

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

Major Highlights of Union Budget 2025

The budget introduced a series of impactful measures:

  • Income Tax Exemption for Middle-Class Earners
     Individuals earning up to Rs12 lakh annually will no longer need to pay income tax, providing significant relief and boosting purchasing power.

  • Increase in Capital Expenditure
     The government has allocated Rs11.21 lakh crore for capital expenditure in FY2025-26, compared to Rs11.11 lakh crore in the previous year. This will drive infrastructure development and job creation.

  • Boost for Bihar’s Makhana Industry
     A new Makhana Board will be established in Bihar to enhance production, processing, and marketing, benefiting thousands of local farmers.

  • Employment Generation in Leather and Footwear Sector
     The government plans to create 22 lakh new jobs by improving productivity and competitiveness in the footwear and leather industry.

  • Enhancement of the UDAN Scheme
     The expansion of the UDAN Scheme will introduce 120 new destinations, aiming to transport 4 crore passengers over the next decade, thereby improving regional connectivity.

  • Prime Minister Dhan-Dhaanya Krishi Yojana
     A new agricultural initiative will focus on developing 100 districts, benefiting approximately 1.7 crore farmers by providing better resources and modern farming techniques.

  • Investment in Research and Innovation
     Rs20,000 crore has been earmarked to encourage private-sector-led research and development, promoting innovation in various industries.

  • Expansion of PM Research Fellowship
     The budget introduces 10,000 fellowships for research scholars at IITs and IISc, furthering advancements in science and technology.

  • Support for Electronics and Electric Vehicles
     Tax exemptions have been announced for open-cell LED/LCD TV panels, textile looms, and lithium-ion battery production, benefiting the electronics and EV industries.

  • Support for Shipbuilding and Railways
     A 10-year exemption has been granted on shipbuilding and shipbreaking goods. The budget also extends benefits for railway component repairs and re-exports.

Abhay Bhutada’s Perspective on Economic Growth

Abhay Bhutada believes that this budget will have a lasting positive impact on the economy. His foundation has been working toward ensuring educational accessibility, which aligns with the government’s focus on research and innovation. He sees the budget’s emphasis on tax relief, infrastructure, and employment as a way to promote financial stability and inclusive development.

With increased capital expenditure, job creation, and advancements in technology, the budget lays a strong foundation for growth. Bhutada believes that the policies introduced will bring tangible improvements for individuals and businesses alike.

Also Read: India’s 2025 Budget: A Vision of Progress and Prosperity

A Path to a Stronger Future

The Union Budget 2025 is more than just a financial plan; it is a vision for progress. By addressing key economic challenges and introducing policies that benefit various industries, it sets the stage for long-term growth. Leaders like Abhay Bhutada support these reforms as they contribute to making India a more resilient and prosperous nation.

With these initiatives in place, India is on track for a future filled with opportunities and economic strength. The positive impact of this budget will unfold in the years to come, benefiting both individuals and industries.

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