Tax Relief for the Middle Class: The budget introduced significant income tax relief for the middle class, with no tax payable for annual incomes up to Rs 12 lakh. This measure aims to boost disposable income and stimulate consumption.
Increased Capital Expenditure: The government has allocated over Rs 11 lakh crore for capital expenditure, focusing on infrastructure development, including railways, highways, and urban infrastructure. This is expected to create jobs and drive economic growth.
Support for MSMEs: The budget includes several initiatives to support micro, small, and medium enterprises (MSMEs), including easier access to credit, technology upgrades, and market linkages.
Focus on Green Growth: The budget emphasizes green growth initiatives, with measures to promote renewable energy, energy efficiency, and sustainable agriculture.
Digital India Push: The government continues to push for a Digital India, with investments in digital infrastructure, digital literacy, and cybersecurity.
Healthcare and Education: The budget allocates funds for healthcare and education, with a focus on improving healthcare infrastructure, medical education, and skill development.
Agriculture and Rural Development: The budget includes measures to support agriculture and rural development, including increased credit availability, promotion of modern farming techniques, and rural infrastructure development.
Overall, the Union Budget 2025 focuses on growth and inclusivity, with measures to boost consumption, investment, and infrastructure development. The budget also emphasizes green growth, digital India, and support for key sectors such as MSMEs, agriculture, healthcare, and education.