Finance Minister Nirmala Sitharaman is set to present her eighth consecutive Union Budget on February 1, 2025. The presentation will take place in Parliament and is expected to outline significant policy changes and financial allocations shaping India’s economic roadmap for the upcoming fiscal year.
This budget holds great anticipation as it comes just ahead of the 2025 Delhi elections, making it politically and economically pivotal. Let’s dive into the key details surrounding the Union Budget 2025.
When and Where to Watch Budget 2025 Live
The live telecast of the Budget 2025 will be available on various platforms:
- Time: 11:00 AM, February 1, 2025
- TV Channels: Lok Sabha TV, Doordarshan, and major news networks such as NDTV, CNBC-TV18, and India Today.
- Online Streaming: Available on the YouTube channels of Lok Sabha TV, Doordarshan, and financial news portals.
Expectations from Budget 2025
- Focus on Growth and Development
With elections around the corner, the government is expected to prioritize welfare schemes, job creation, and infrastructure development to appeal to the masses. - Tax Reforms and Relief
Taxpayers anticipate significant reforms, particularly in the income tax slab structure, which could increase disposable income for middle-class families. - Sector-Specific Initiatives
- Agriculture: Enhanced credit allocation and subsidies for farmers.
- Healthcare: Strengthening public health systems and funding for new medical initiatives.
- Startups and MSMEs: Incentives and policies to bolster entrepreneurship and innovation.
Highlights of FM Nirmala Sitharaman’s Previous Budgets
- Digital Push: Emphasis on digital payments and initiatives like the Digital India Program.
- Focus on Green Energy: Schemes to promote renewable energy and reduce carbon footprints.
- Social Welfare: Introduction of significant schemes like PM Gati Shakti and ECLGS for economic revival post-COVID-19.
Union Budget 2025: Why Is It Important?
The Union Budget isn’t just a financial statement; it reflects the government’s priorities, addressing crucial issues such as inflation, unemployment, and economic growth. Budget 2025 will also reveal plans for improving public welfare, increasing investments in technology, and enhancing India’s global competitiveness.
Key Challenges for Budget 2025
- Balancing Fiscal Deficit: Ensuring fiscal discipline while maintaining growth-oriented spending.
- Global Economic Pressures: Addressing inflation and geopolitical uncertainties affecting trade.
- Boosting Employment: Tackling unemployment with skill development programs and sector-specific investments.
Conclusion
As FM Nirmala Sitharaman gears up to deliver her eighth consecutive budget, the focus remains on balancing economic growth with inclusive development. Whether you’re a taxpayer, entrepreneur, or policy enthusiast, Budget 2025 promises to impact everyone.
Stay tuned on February 1, 2025, to witness the unveiling of India’s financial roadmap.
