Budget 2025: A blueprint for growth, resilience and global competitiveness
sustainable growth and global competitiveness. It is about empowering people, boosting businesses, and building a resilient economy that can thrive in the long run.
Budget with ET
Budget Highlights: Gareeb, youth, annadata and naari feature in Budget. What about taxes?
New vs Old tax regime: Here's a decoder to help you choose the right one
Will you pay more under new tax regime or old? Calculate here
One of the most talked-about changes is the recalibration of personal income tax. This move is expected to boost disposable incomes, spur consumer spending, and reignite economic activity at a time when privaste investment has been sluggish. The financial sector, especially banks, is set to play a key role in turning these policies into real-world impact.
While credit demand could rise with higher consumer spending, the focus on infrastructure and SME financing opens new avenues for banks to deploy capital effectively. Additionally, the expansion of Global Capability Centres (GCCs) into tier-2 cities will help create jobs in smaller towns. Micro, Small and Medium Enterprises (MSMEs) have received much-needed and much-deserved attention. By improving credit access and strengthening market linkages, the government aims to make these businesses globally competitive.
Sector-specific incentives will help them scale and integrate into global supply chains, creating more opportunities for growth and exports.
In a significant shift, the government's efforts to fast-track regulatory approvals and decriminalise over 100
