Union Budget 2025: A Roadmap for Economic Growth and Social Upliftment

New Delhi [India], February 3: On February 1, 2025, Finance Minister Nirmala Sitharaman presented the Union Budget 2025, unveiling a series of policy measures aimed at strengthening economic stability, job creation, and social welfare. With a focus on key industries, infrastructure development, and tax relief, the budget has received widespread appreciation for its balanced and growth-oriented approach.

Experts from various industries have acknowledged the government’s commitment to building a stronger and more self-reliant economy. Abhay Bhutada noted that this budget does not favor a single sector but ensures that every industry and community has the opportunity to grow and prosper.

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Organizations like the Abhay Bhutada Foundation, which focuses on education and community welfare, have welcomed the budget’s emphasis on research, job creation, and skill development. These policies align with their mission to provide better educational and financial opportunities to economically disadvantaged students and communities.

Here’s a detailed look at some of the key highlights of Budget 2025:

1. Major Tax Relief for Middle-Class Citizens

A major highlight of this year’s budget is the increase in the income tax exemption limit. Individuals earning up to Rs12 lakh annually will now be exempt from paying income tax. This decision is expected to benefit millions of middle-class families, increasing their disposable income and boosting overall economic activity.

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2. Capital Expenditure Increase for Economic Development

The government has raised capital expenditure (Capex) for FY 2025-26 to Rs11.21 lakh crore, an increase from Rs11.11 lakh crore in FY 2024-25. This move reflects India’s continued focus on strengthening infrastructure, transportation, and public service facilities, creating employment opportunities and driving growth across multiple sectors.

3. Supporting Bihar’s Makhana Industry

A special initiative has been introduced to promote Bihar’s makhana industry, which plays a crucial role in the state’s agricultural economy. The government will establish a Makhana Board, helping farmers by improving production, processing, value addition, and marketing strategies.

This measure will enhance the economic prospects of local farmers and strengthen India’s position in the global makhana market.

4. 22 Lakh Jobs to Be Created in the Footwear and Leather Industry

In a bid to enhance job creation, the government has unveiled a plan to generate 22 lakh new jobs. This initiative focuses on increasing productivity and quality in the footwear and leather industry, strengthening India’s manufacturing and export capabilities.

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5. Expansion of the UDAN Scheme for Regional Connectivity

The UDAN scheme, which aims to enhance regional air connectivity, will be expanded to reach 120 new destinations. Over the next decade, the government aims to transport 4 crore passengers, making air travel more accessible and affordable for citizens across India.

This initiative will also promote domestic tourism and trade, further stimulating regional economies.

6. PM Dhan-Dhaanya Krishi Yojana to Support Farmers

To boost agricultural development, the Prime Minister Dhan-Dhaanya Krishi Yojana will be implemented across 100 agricultural districts, benefitting 1.7 crore farmers.

This initiative focuses on improving agricultural productivity, introducing advanced farming techniques, and expanding access to modern market facilities.

7. Research and Innovation: Rs20,000 Crore Allocation

Recognizing the importance of research and technological advancements, the government has allocated Rs20,000 crore to support private-sector-led research, development, and innovation.

Additionally, the PM Research Fellowship will provide 10,000 fellowships to students pursuing advanced research at IITs and IISc, encouraging young minds to contribute to India’s technological progress.

8. Incentives for Electronics and EV Manufacturing

The budget has introduced tax exemptions on open-cell LED/LCD TV panels, textile looms, and capital goods used in lithium-ion battery production.

This move will boost domestic electronics production and encourage the rapid expansion of India’s electric vehicle (EV) industry, reducing dependence on imports and promoting sustainable energy solutions.

9. Support for the Shipbuilding and Railway Sector

To strengthen India’s maritime and transport infrastructure, a 10-year exemption has been granted for goods used in shipbuilding and shipbreaking. The government has also extended the export period for imported railway goods undergoing repairs, further improving efficiency in the railway sector.

A Budget Designed for Inclusive Growth

The Union Budget 2025 is more than just a financial statement—it lays the foundation for a stronger, more resilient, and self-sufficient India.

By introducing tax relief, increasing capital investment, creating jobs, and encouraging innovation, the budget ensures that economic benefits reach a wider section of the population.

Organizations like the Abhay Bhutada Foundation, which actively work toward education and skill development, recognize the significance of these policies. By supporting students and underserved communities, such initiatives align with the government’s mission to drive sustainable economic progress.

With strategic reforms in place, the budget reinforces confidence in India’s ability to achieve long-term economic stability and prosperity.