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2025-02-01 11:14:37 am | Source: IGI Editorial
Union Budget 2025: Key Highlights from FM Nirmala Sitharaman's Speech
Union Budget 2025: Key Highlights from FM Nirmala Sitharaman's Speech

In her Union Budget 2025 speech, Finance Minister Nirmala Sitharaman emphasized that the primary focus of this year's budget is to accelerate economic growth. She outlined several key initiatives and measures aimed at stimulating the economy, enhancing infrastructure, and fostering job creation. Here are some highlights from her speech:

1. Economic Growth Focus:

  • The budget is designed to stimulate sustainable and inclusive growth by investing in critical sectors and infrastructure, ensuring long-term stability.

2. Infrastructure Development:

  • A major emphasis has been placed on boosting capital expenditure (capex), with significant allocations for the development of infrastructure, particularly in transportation, energy, and urban development. This is expected to create jobs and support long-term economic growth.

3. Tax Reforms:

  • To encourage economic activity and provide relief to the middle class, tax reforms are likely to be announced, possibly including reduced income tax rates and simplified processes to foster compliance.

4. Inflation Control:

  • Measures to address inflation and reduce the burden on everyday consumers are being discussed. Steps to control food and fuel prices are likely to feature prominently, aiming to ease the cost of living for the common man.

5. Job Creation Initiatives:

  • The budget includes initiatives designed to boost employment, particularly in sectors like manufacturing, technology, and services. The government is expected to promote skill development programs to match the growing demands of the job market.

6. Social Welfare:

  • In line with the government's commitment to equitable growth, significant funds are being allocated to social welfare programs focused on healthcare, education, and empowerment of vulnerable groups such as women and children.

The overall tone of the speech reflects a commitment to improving India's economic prospects through strategic investments, reforms, and initiatives that aim to increase the nation's global competitiveness while ensuring inclusivity.

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