India Union Budget 2025: Key Expectations and Sector-Wise Insights
The Union Budget 2025 is eagerly awaited as India continues its journey toward economic growth and development. With global uncertainties, domestic challenges, and a focus on strengthening various sectors, this budget is expected to address critical areas such as taxation, infrastructure, healthcare, education, and industry support. Here’s a look at the major expectations from the Union Budget 2025. 1. Income Tax Reforms: Relief for the Middle Class One of the most anticipated aspects of the budget is changes in income tax slabs and deductions under the new and old tax regimes. The middle class is hoping for: Higher exemption limits to reduce tax burdens. Increased deductions under Section 80C for investments in PPF, ELSS, and insurance. Revised standard deduction to adjust for inflation. Additionally, tax benefits for homebuyers and first-time investors could be introduced to boost savings and spending. 2. Corporate and Startup Support: Strengthening Entrepreneurship Busin...