India’s Union Budget 2025: Key Announcements & Economic Impact
- Category: Income Tax
- Date 19-02-2025
The Union Finance Minister presented the Union Budget 2025 today, outlining major fiscal policies, tax reforms, and economic initiatives. Key highlights include:
- Income Tax Relief: Expected changes in tax slabs benefiting middle-class taxpayers.
- GST Reforms: Streamlining compliance and reducing tax burdens on small businesses.
- MSME Support: Increased funding and incentives for startups and small enterprises.
- Infrastructure Boost: ₹10 lakh crore allocated for roads, railways, and urban development.
- Digital Economy Focus: Expansion of AI, blockchain, and digital payments infrastructure.
The budget aims to accelerate economic growth while ensuring fiscal responsibility. Experts believe these reforms will strengthen India’s global economic position.