Quote on 'Union Budget 2025’ By Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on 'Union Budget 2025’ By Shrikant Chouhan, Head Equity Research, Kotak Securities
The Union Budget 2025-26 exempts annual income up to Rs12 lakh from income tax, boosting consumer spending and adding focus on urban consumption. The Dhan Dhanya Krishi Yojana will support 1.7 crore farmers and enhance rural employment. Additionally, 36 life-saving drugs will have no Basic Customs Duty, and there are plans to develop 50 tourism destinations and promote medical tourism with the "Heal-in-India" initiative.
Overall, the budget prioritizes labour-intensive sectors like tourism, textiles, footwear, and startups, balancing fiscal responsibility (fiscal deficit target of 4.4% for FY26) while benefiting the middle class and driving long-term investments.
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