Union Budget 2025 presents a bold vision for Aatmanirbhar India

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Subscribe to enjoy similar stories. The Union Budget for 2025-26 will be known for several path breaking measures, and in a true sense, it's a people's budget. The budget has announced significant measures for manufacturing, MSMEs, employment, regulatory reforms, strategic areas like ship-building, nuclear and many more, thereby accelerating our journey towards Viksit Bharat.

These measures came at a pivotal moment when global economy is experiencing a slowdown, thereby presenting challenges for our exports. In such a scenario, it is important that our domestic economy is further stimulated and able to support growth so that India continues to be the fastest growing major economy. To address this, the government has crafted a strategic plan that not only seeks to revive the economy but also strengthens the manufacturing sector, which plays a crucial role in driving long-term growth.

Ficci, recognizing the need for renewed consumption and investment demand, had requested income tax rationalization that would stimulate both. The changes introduced in the personal income tax structure are noteworthy, as they will significantly increase disposable income in the hands of middle class and thus drive higher consumption demand, investments and employment. Also read | Budget 2025: Understanding the rebate benefits—and the fine print on capital gains tax Central to the budget’s vision is the empowerment of micro, small, and medium enterprises (MSMEs), which form the backbone of India’s economy.