Here are the sectors that stand to gain from Budget 2025
Finance Minister Nirmala Sitharaman's Budget 2025 stands out for its big tax benefits to the middle class, but several of her proposals will also impact different sectors positively. Below is a list of sectors, from EVs to shipping to insurance to footwear, which stand to gain from Sitharaman's proposals:
Footwear and leather
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To enhance the productivity, quality and competitiveness of India’s footwear and leather sector, a focus product scheme will be implemented. The scheme will support design capacity, component manufacturing, and machinery required for production of non-leather quality footwear, besides the support for leather footwear and products. The scheme is expected to facilitate employment for 22 lakh persons, generate turnover of Rs 4 lakh crore and exports of over Rs 1.1 lakh crore.
Sitharaman proposed to fully remove basic customs duty on Wet blue leather to facilitate imports for domestic value addition and employment. She also proposed to exempt crust leather from 20% export duty to facilitate exports by small tanners.
Toys
Building on the National Action Plan for Toys, the government will implement a scheme to make India a global hub for toys. The scheme will focus on development of clusters, skills, and a manufacturing ecosystem that will create high-quality,
