In order to achieve India's ambitious goals outlined in the roadmap for a USD 5 trillion economy, the budget should prioritise innovation-driven policies, investments in emerging technologies, and the development of products in India, for India and the world, Tata Technologies CEO & MD Warren Harris said in a statement
FMCG sector awaits measures from the Finance Minister aimed at stimulating demand and spuring consumption growth
Investors are eyeing clarity on key issues such as GST rate changes for retail and health insurance, amendments to the Insurance Act
Banking sector is eagerly awaiting measures in the 2025 Union Budget to stimulate credit expansion and improve liquidity, fostering future growth
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Income tax collection as percentage of GDP has overtaken corporate tax collection at 3.5% of GDP in FY24 vs corporate tax collection at 3.1% of GDP
India faces declining school enrolment figures, particularly at secondary levels, alongside inadequate education infrastructure. Low education funding remains a challenge, with calls for increased investment, improved facilities, and a focus on skill development.
Budget 2025 Expectations Live: Among the anticipated focus areas for Budget 2025 are increased capital expenditure, higher investments in agriculture, and a modest rise in the subsidy bill.
By refining the National Credit Guarantee Scheme, expanding targeted support for NBFCs and fintechs, and making formalization pathways more flexible, Budget 2025 can translate aspirational policies into tangible, on-the-ground impact
Post-pandemic structure of the job market shows retrogression, with a part of the workforce going back to agriculture. This trend has acted as a drag on earnings growth of labour. Research shows that the multiplier from public investment in local infrastructure comes through MSMEs and feeds into a positive environment for job creation. That should be a focus area in the budget
The current withholding provisions provide for seven rates. Having multiple rates creates confusion for taxpayers and increases compliance costs and even leads to litigation if TDS is deducted under certain incorrect provisions. The Government can consider rationalising the rates under four broad categories
The budget for the next fiscal year must endeavour to retain focus on capex and maintain it at levels in the range of 3-3.4% of GDP, which will be the highest in nearly two decades. That in turn will aid state level capex and help crowd in private corporate investments
Vikas Khemani does not believe that FM choosing for a higher fiscal deficit target for FY26 will be seen as a major negative by markets, if the measures taken point towards economic growth revival.
Union Budget 2025: The government should focus on incentivising taxpayers by raising exemptions, revising tax slabs, enhancing deductions, and lowering LTCG and STCG rates.
Creation of a grant framework for the deeptech ecosystem, and making the deferment of the time of payment of tax on Employee Stock Option Plan available to employees of all DPIIT-recognized startups also tops the Budget expectations of the industry
The Hotel Association of India President also recommended that the government’s plans to develop 50 new tourism destinations should include incentives for building infrastructure such as hotels, entertainment centers, and convention halls
Budget 2025 Expectations Updates: The upcoming budget is expected to outline the government’s economic priorities, focus areas, and fiscal strategies for the year ahead, amid key domestic and global economic challenges.
The market may continue to consolidate further, taking cues from Union Budget, FOMC meeting, quarterly earnings, US GDP numbers for December quarter, and ECB meeting, experts said.
According to Rishabh Nahar, the equity markets could continue to experience extreme volatility following the budget.
The upcoming budget will be closely followed by the RBI's policy meeting on February 7. This will be the first policy of the new RBI Governor, Sanjay Malhotra. The RBI has to handle the tough trinity of depreciating currency, tight liquidity conditions, and moderating growth.
The government needs to enhance grassroots infrastructure and promote public-private partnerships to make India an elite sporting nation, said experts.
Budget 2025 Expectations Updates: Amid GDP growth moderation to 6.4% this fiscal, compared to 8.2% in the previous fiscal, the Budget is expected to address key economic challenges.
Overall, the commitment to the fiscal consolidation path supports more favourable borrowing conditions for corporates, said HDFC AMC's Rakesh Sethia.
Sitharaman is set to present her eighth consecutive Union Budget for 2025-26 on February 1
Experts say export incentives and skill development programs are key to solidifying the country’s position as a premier destination for ER&D services, too.