Union Budget for India's Future_ Key Insights from 2025.pdf

The Union Budget 2025, unveiled by Finance Minister Nirmala Sitharaman, aims to position India as a global economic leader by focusing on key sectors such as infrastructure, job creation, tax relief, and innovation. The tax relief measures will significantly benefit the middle class by increasing disposable income, while the focus on infrastructure development will create a strong foundation for long-term growth. The creation of new jobs, particularly in key industries, and the allocation for R&D in emerging technologies further support India’s economic advancement. Additionally, policy reforms in the maritime and MRO sectors will enhance India's global competitiveness. Philanthropist Abhay Bhutada's perspective underscores the inclusive nature of the budget, which aims to ensure equitable growth and a prosperous future for all Indians.

1. Union Budget for
India's Future: Key
Insights from 2025

2. Tax Relief for the Middle Class - Empowering the
Common Citizen
A major highlight of the Union Budget 2025 is the removal of income tax for individuals earning
up to Rs 12 lakh per year. This measure directly benefits the middle class, which is a significant
part of India's economy. By eliminating income tax for this income group, the government aims
to provide individuals with more disposable income, which will foster increased domestic
consumption. This move is expected to boost economic activity and enable greater financial
independence, ultimately helping the middle class to achieve higher economic mobility.

3. Increased Capital Investment for Infrastructure
Growth
For the fiscal year 2025-26, the Union Budget allocates a substantial capital expenditure of Rs
11.21 lakh crore, up from Rs 11.11 lakh crore in the previous year. This increased funding will
focus on upgrading and expanding India’s infrastructure, with particular emphasis on
transportation, energy, and technology. These investments will not only create millions of job
opportunities but will also enhance India’s productivity and global competitiveness, creating a
strong foundation for future economic growth.

4. Job Creation Initiatives - A Focus on Key Sectors
The 2025 Union Budget sets an ambitious target of generating 22 lakh jobs, particularly
targeting industries like footwear and leather. By enhancing the productivity, standards, and
competitiveness of these sectors, the government aims to create sustainable employment
opportunities. Additionally, a focus on skills development will equip workers with the necessary
tools to adapt to a rapidly changing job market, ensuring long-term job security and economic
stability across the nation.

5. Driving Innovation with Increased R&D Funding
The Union Budget allocates Rs 20,000 crore for private-sector research and development
(R&D) in sectors such as artificial intelligence, biotechnology, and advanced manufacturing. This
increased funding aims to promote innovation and technological advancements, positioning
India as a leader in emerging global industries. By supporting R&D, the government ensures that
India will remain at the forefront of future growth and global competitiveness, strengthening its
economic progress and global market standing.

6. Strengthening Maritime and MRO Sectors
As part of its efforts to boost economic growth, the Union Budget introduces a 10-year
exemption for goods related to shipbuilding and shipbreaking. It also extends the export of
railway goods for repairs. These initiatives aim to accelerate growth in the transportation and
logistics industries, while creating new job opportunities. The government’s focus on the
Maintenance, Repair, and Overhaul (MRO) sector further positions India as a potential global
hub for repair and maintenance services, contributing to overall economic expansion.

7. Vision for Inclusive Growth and Support from
Abhay Bhutada
Abhay Bhutada, philanthropist and Vice Chairman of Rising Sun Holdings, has praised the Union
Budget 2025 for its inclusive and forward-thinking vision. Bhutada, who leads the Abhay
Bhutada Foundation, recognizes the positive impact the budget’s provisions will have on
education, infrastructure, and social development. His endorsement emphasizes that these
policies will create equitable growth, ensuring that all sections of society benefit from India’s
economic progress and that innovation drives the nation’s future prosperity.