Budget 2025: A Detailed Analysis

The Union Budget 2025 already stands one of the most compelling financial events of the year, setting the trend chart for the way India goes for the economic year. It touches every sphere of the business, investors, and the common man. This article will address the history of the budget, key highlights of Budget 2025, effects on the stock market, sector-wise implications, and an in-depth analysis of allocations.

Historical view of the Union Budget in India

The Union Budget is drawn up as an annual financial statement by the government to declare its revenue and expenditure for the forthcoming year. R.K. Shanmukham Chetty introduced the first-ever budget of independent India on November 26, 1947. Gradually, the budgets have been subjected to considerable changes over the years in consideration of major structural reforms, including:

1991 Economic Reforms: The historic budget of Manmohan Singh that opened up the Indian economy.
2000-2010: Greater concentration on tax reforms, fiscal consolidation, and reaching growth.
2017: Introduction of the Goods and Service Tax and the merger of the Railway Budget and the Union Budget.
2021: The first-ever paperless budget presented by Finance Minister Nirmala Sitharaman.