The Union Budget 2025 has charted an ambitious course for India's transformation into a developed nation by 2047. With a strong focus on boosting private investment, increasing funding in the agriculture sector, and enhancing the spending power of the people, the government has clearly indicated its commitment to an inclusive path to economic development.

The announcement of a new fund for startups, increased investment to promote innovation in partnership with the private sector, and the launch of programmes to boost manufacturing and exports have struck the right notes for India Inc.

India's real GDP is projected to expand by 6.4% in FY25, marking the third consecutive year of growth exceeding 6%. This steady momentum is driven by a robust services sector, increasing investments, and rising rural demand.

One of the highlights of the budget - the increase in the personal tax rebate limit - will lead to a rise in national consumption and stimulate economic growth. Along with this, the changes proposed across indirect taxes are focussed on providing impetus to domestic manufacturing. Overall, Budget 2025 has laid out a clear roadmap for 'Viksit Bharat.'

For our overview of the Budget announcements:

Download