The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, introduces key measures to drive economic growth through structural reforms, digital transformation, and sustained infrastructure investment. The Economic Survey 2024-25, released on January 31, underscores the need for India to grow at 8% annually to achieve the Viksit Bharat (Developed Economy) vision by 2047. It emphasizes systemic deregulation, Ease of Doing Business 2.0, agricultural productivity, innovation, manufacturing, Make in India, labor reforms, tax rationalization, and digital governance as critical enablers of long-term growth.
The Budget, presented on February 1, reinforces the government’s focus on economic development, with a particular emphasis on Personal Income Tax Reforms—a move recognizing the middle class as a key driver of growth. These reforms align with India’s broader strategy to strengthen the three pillars of Democracy, Demography, and Demand.
Our Budget Insights 2025, authored by our Tax Team, highlights the budget’s key reforms, sectoral initiatives, ease of doing business agenda, and notable amendments in direct and indirect taxes.
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