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Below the Quote on Union Budget 2025 by Sneha Jain, smallcase manager and  founder & CEO of wealth trust

“The Union Budget 2025 presents a forward-looking vision that aligns with India’s growth aspirations while addressing key sectors such as agriculture, MSMEs, manufacturing, infrastructure, and financial markets. We appreciate the government’s emphasis on empowering farmers through initiatives like the Agricultural District Programme and enhanced credit support via Kisan Credit Cards. These measures will play a crucial role in strengthening rural economies and boosting productivity. For MSMEs, the increase in investment and turnover limits is a welcome move, allowing businesses to scale and contribute more significantly to employment and exports. The push for domestic manufacturing, particularly in sectors like electronics, footwear, and critical minerals, further reinforces India’s position as a global industrial hub. The government has provided a meaningful tax break, which is a positive step toward boosting disposable incomes and consumption. However, stock valuations remain stretched, and we expect some rationality in consumption-driven stocks in the coming months. While market reactions may take time to stabilize, the long-term impact of these policy measures should support sustainable growth.

From a financial markets perspective, continued reforms in taxation and capital markets, alongside measures to promote cooperative federalism and ease of doing business, are steps in the right direction. The rationalization of tax structures and simplification of compliance norms will enhance investor confidence and encourage greater participation in India’s economic growth story. Overall, the budget prescribes a much-needed cure for the economy—balancing fiscal discipline with growth-oriented initiatives. A job well done!”

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