Union Budget 2025: A Pathway to Inclusive Growth and Economic Prosperity
- Douglas D'Souza
- Feb 19
- 3 min read
Updated: May 11
On February 1, 2025, India awaited the Union Budget with high expectations. The anticipation centered on potential reforms that could bring relief and accelerate the nation’s growth trajectory. Delivering her eighth budget, Union Finance Minister Nirmala Sitharaman presented what is now considered one of the most well-received financial plans in recent years. Designed with a forward-looking perspective, the Union Budget 2025 lays out an inclusive framework that prioritizes growth across sectors and builds nationwide confidence.
Abhay Bhutada, Vice Chairman of Rising Sun Holdings and one of India’s most successful entrepreneurs in the financial sector, shared his positive outlook on this year’s budget.
With Abhay Bhutada’s salary drawing attention for setting industry benchmarks, his views on the national economic roadmap are closely watched. Commenting on the budget, Bhutada stated, "This budget leaves no one behind. It's not just about the tax revision; the budget aims to uplift every sector ingeniously. It is a strong step towards taking the nation in the right direction. I can confidently believe that India's future is bright."
Major Tax Revisions: Relief for the Middle Class
A standout highlight of the 2025 Union Budget is the revision of income tax slabs. For the first time, individuals earning up to Rs12 lakh annually are exempt from paying income tax. This move is expected to have far-reaching effects, empowering the middle class by increasing disposable income, boosting consumer spending, and stimulating economic growth.
Abhay Bhutada’s endorsement of this reform highlights its significance. With Abhay Bhutada’s salary reflecting the heights of success in India’s financial landscape, his backing of such inclusive measures emphasizes how critical they are for shaping a robust and resilient economy.
Infrastructure Investment: Building India’s Future
The budget also prioritizes infrastructure growth, with capital expenditure (Capex) raised to Rs11.21 lakh crore for FY2025-26, up from Rs11.11 lakh crore the previous year. This increase underlines the government’s strategy of strengthening infrastructure to support sustained growth, generate employment, and attract private investment.
Boosting Employment: Driving Industrial Growth
Addressing the challenge of employment generation, the budget outlines a plan to create 22 lakh jobs by enhancing the productivity of India’s footwear and leather industry. This initiative not only boosts the manufacturing sector but also creates diverse employment opportunities, contributing to broader economic growth.
Bhutada’s confidence in the employment-centric aspects of the budget reflects his understanding of industry dynamics. His own professional success, reflected in his notable salary, is a testament to the importance of a thriving industry for national progress.
Supporting Agriculture: Strengthening Rural India
India’s agricultural sector, the backbone of the economy, also received focused attention. The Prime Minister Dhan-Dhaanya Krishi Yojana will develop 100 agricultural districts, directly benefiting 1.7 crore farmers. This initiative aims to improve productivity and secure sustainable livelihoods in rural areas.
The government’s plan to establish a Makhana Board in Bihar is another strategic move. This will streamline makhana production, processing, and marketing, opening up better market access and income opportunities for farmers.
Focus on Innovation and Research: A Vision for the Future
Recognizing the role of innovation in shaping India’s future, the budget has allocated Rs20,000 crore for private sector-led research and development. This investment is expected to fuel technological breakthroughs and strengthen India’s position as a global innovation hub.
Additionally, the PM Research Fellowship, offering 10,000 fellowships at top institutions like IITs and IISc, demonstrates the government’s commitment to nurturing talent and driving research-oriented growth.
Sustainable Growth: Incentives for Green Technology
Another major highlight of the Union Budget 2025 is the focus on sustainable growth. Incentives for the electronics and electric vehicle (EV) sectors include exemptions on open-cell LED/LCD TV panels, textile looms, and lithium-ion batteries for mobile phones and EVs. These measures are designed to promote domestic manufacturing and reduce costs, aligning with India’s sustainability goals.
For Bhutada, whose salary and achievements are often associated with forward-thinking leadership, the budget’s focus on green technology is a promising development. It reflects a shift toward sustainable economic practices that will shape India’s future growth.
Enhancing Connectivity and Maritime Infrastructure
The expansion of the UDAN Scheme, with plans to connect 120 new destinations and transport 4 crore passengers over the next decade, is set to revolutionize regional connectivity. Additionally, a 10-year exemption on goods for shipbuilding and shipbreaking highlights the government’s focus on strengthening India’s maritime sector.
Looking Ahead: A Bright Future for India
The Union Budget 2025 goes beyond traditional financial planning. It is a comprehensive roadmap for growth, emphasizing infrastructure, employment, agriculture, innovation, and sustainability. The government’s commitment to inclusive development reflects a vision for a progressive and prosperous India.
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