Budget 2025

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Here are the key highlights from the 2025 Union Budget:

  1. Fiscal Deficit: The fiscal deficit is targeted at 4.4% of GDP, approximately ₹13.47 lakh crore.

  2. Total Expenditure: Estimated at ₹50.65 lakh crore, a 7.4% increase from the previous fiscal year.

  3. Capital Expenditure: ₹11.21 lakh crore allocated (3.1% of GDP) focusing on infrastructure development.

  4. Income Tax: Under the new tax regime, no tax is levied on incomes up to ₹12 lakh. Revised income tax slabs for higher earnings.

  5. Agriculture: Enhanced credit of ₹5 lakh for 7.7 crore farmers, along with a six-year mission to boost pulse cultivation.

  6. Research & Development: ₹20,000 crore allocated for private sector-driven R&D, and 10,000 fellowships for tech research in IITs/IISc.

  7. Export Promotion: Exemptions granted for LED/LCD TV components and lithium-ion batteries to promote domestic manufacturing.

  8. Women’s Empowerment: New initiatives for women’s entrepreneurship, including credit facilities and support for women-led businesses.

  9. Electronics and EV Sector: Customs duty exemptions on critical components for electronics and electric vehicles to boost the sector.

  10. Social Welfare: Additional funding for social safety nets, including support for marginalized communities and rural development programs.

These points provide a snapshot of the government's priorities for economic growth, social welfare, and infrastructure development in 2025.

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