Union Budget 2025 Expectations Highlights: Finance Minister Nirmala Sitharaman is all set to table the Union Budget 2025 in Lok Sabha on February 1 and industry stakeholders and experts are looking forward to a slew of measures and announcements around taxation reforms, GST rates, besides issues that need to be addressed to tame inflation, boost consumption. Economists are also hoping for the government to increase their capital expenditure while also ensuring a significant pick up in domestic demand. FM Sitharaman is also facing the challenge of balancing fiscal prudence with the need to address key voter demographics.
With manufacturing being a key focus for the current government, Sachin Sharma, Partner, Grant Thornton Bharat, said, “With the 2025 Union Budget coming up, India has an unparalleled opportunity to secure its position as a preferred manufacturing hub. India’s manufacturing sector has emerged as a vital pillar of the economy, driven by initiatives like the Production Linked Incentive (PLI) scheme, which has catalysed over $17 billion in investments across sectors, including electronics, automotive, and pharmaceuticals. This initiative has generated ₹11 trillion worth of production and created more than 1 million jobs, reflecting its transformative impact.”
Earlier on January 6, the finance ministry had announced that FM Sitharaman concluded her month-long consultations with industry and sector stakeholders that started on December 6, 2024.
Meanwhile, Parliamentary Affairs Minister Kiren Rijiju, in a post on X (formerly Twitter), had said that Parliament’s Budget Session will be held from January 31 to April 4, with the finance minister set to table her eighth straight budget on February 1. He further stated that President Droupadi Murmu will address the joint sitting of both Houses on 31st January 2025.
Budget 2025 Expectations Live Updates: Full Live Coverage on Budget 2025 Expectations for Middle Class, Healthcare, Education, Real Estate Sector
On January 17, Parliamentary Affairs Minister Kiren Rijiju announced that Finance Minister Nirmala Sitharaman will table her eighth Budget on February 1. In a post on X, Kiren Rijiju said that President Droupadi Murmu, on the recommendation of the Government of India, has approved summoning both Houses of Parliament for the Budget Session 2025 from 31st January, 2025 to 4th April 2025. He further said that Union Budget 2025-26 will be presented on 1st February, 2025 in the Lok Sabha.
Read the post here.
Budget 2025 Expectations Live Updates: Welcome to this live blog!
Greetings! We, at FinancialExpress.com, are all set and are continuously bringing you all the updates around the Budget presentation, slated to be tabled by Finance Minister Nirmala Sitharaman on February 1. Right from key expectations, Parliament’s Budget Session dates, to statements by the government and key stakeholders, we will keep updating you with all things Budget. Stay tuned.