The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, involves economic growth, fiscal consolidation, and the welfare of the populace at its core. The principal highlights include:
- Taxation & Relief for Individuals and Businesses
A revision in the income tax structure for middle-class taxpayers.
Higher exemptions for senior citizens.
Adjustments in corporate tax rates to the benefits of MSMEs (micro, small, and medium-sized enterprises). - Infrastructure & Development
Overall increase in the allocation towards highways, railways, and urban development.
Focusing on green energy projects and smart cities. - Healthcare & Education
Expansion of Ayushman Bharat for better medical coverage.
Higher budget for the implementation of NEP 2020 in education. - Technology & Digital India
Special incentives for taking on AI, blockchain technology, and digital payments.
Boost to the semiconductor and electronics manufacturing. - Agriculture & Rural Economy
Higher MSP (Minimum Support Price) for the important crops.
Supporting funding for startup work in agri-tech.
