Industry bodies, NSE term Budget 2025 transformative step towards realising ‘Viksit Bharat’

Industry bodies and National Stock Exchange of India (NSE) have termed the Union Budget 2025-26, presented in Parliament by Finance Minister Nirmala Sitharaman on Saturday, as a transformative step towards realising the vision of ‘Viksit Bharat’, with a strong focus on the middle class, MSMEs, startups, and employment generation.

- NIKHIL VYAS

Reacting on the Budget, industry body PHDCCI said the focus on Middle class and MSMEs will enhance consumption and production segments, boost private investments and create employment opportunities.

“We appreciate the strong steps to boost the middle income group, including Budget announcement of no income tax upto the income of Rs 12 lakh with tax rebate for those with income upto Rs 12 lakh,” Hemant Jain, President, PHDCCI said.

“The key focus areas in the Union Budget including taxation, power, urban development, mining, the financial sector, and regulatory reforms are major ingredients of development,” Jain said.