Quote on Budget 2025 by Mr. Ashwani Dhanawat - ED and Chief Investment Officer, SGIC
Below the Quote on Budget 2025 by Mr. Ashwani Dhanawat - ED and Chief Investment Officer, SGIC
“The Union Budget 2025 outlines a strategic approach to sustainable economic growth, with a focus on infrastructure development, fiscal consolidation, and innovation. The fiscal deficit target of 4.8% for FY25, combined with Rs.1.5 lakh crore in interest-free loans for states, supports regional development and public-private partnerships.
A key highlight is the proposal to raise the FDI limit in the insurance sector to 100%, enhancing foreign capital inflows and sectoral competitiveness. The new income tax slabs, particularly the nil tax up to Rs.12 lakh, will stimulate domestic consumption and savings.
The budget also emphasizes technology and innovation, with initiatives like the deep-tech fund and AI-focused education. Rural development is prioritized through measures like the Makhana Board in Bihar and the National Institute of Food Technology. Overall, Budget 2025 effectively balances fiscal prudence with long-term growth, positioning India for a competitive global economy”.
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