Quote on Union Budget 2025 by Vinod Nair, Head of Research, Geojit Financial Services
Below the Quote on Union Budget2025 by Vinod Nair, Head of Research, Geojit Financial Services
"The budget presents a well-balanced approach, exceeding expectations by prioritizing both economic growth and fiscal discipline. Growth is fostered through direct tax reductions to stimulate middle-class consumption, alongside increased government investments in key sectors such as agriculture to strengthen rural markets. Additionally, MSME credit guarantees and customs duty reductions aim to accelerate manufacturing expansion. Simultaneously, fiscal prudence is maintained by curbing revenue expenditure, reducing subsidies, and limiting borrowing, ensuring a stable economic framework.
This forward-looking budget is poised to enhance per capita income over the long term, while its immediate impact will be a rise in consumer spending driven by increased government expenditure and tax benefits. The primary beneficiaries are expected to be industries such as FMCG, retail, textiles, consumer durables, agriculture and electronics manufacturing."
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