Union Budget 2025 Presents A Bold Vision For Atmanirbhar Bharat

The budget includes several measures to enhance the country's export capabilities

- Anant Goenka

The Union Budget for 2025-26 will be known for several path-breaking measures, and in a true sense, it's a people's budget. The budget has announced significant measures for manufacturing, MSMEs, employment, regulatory reforms, strategic areas like ship-building, nuclear and many more, accelerating our journey towards Viksit Bharat.

These measures came at a pivotal moment when global economy is experiencing a slowdown, presenting challenges for our exports. Hence, it is important that our domestic economy is further stimulated so that India continues to be the fastest-growing major economy. To address this, the government has crafted a strategic plan that not only seeks to revive the economy but also strengthens manufacturing.

Ficci, recognizing the need for renewed consumption and investment demand, had requested income tax rationalization that would stimulate both. The changes introduced in the personal income tax structure are noteworthy, as they will significantly increase disposable income in the hands of the middle class and thus drive higher consumption demand, investments and employment.