India Budget 2025: Finance Minister Nirmala Sitharaman is set to table the Union Budget for the eighth consecutive time shortly in the Lok Sabha, after the Cabinet, headed by Prime Minister Narendra Modi, approved it. As anticipation builds around the Union Budget 2025, investors, businesses, and policymakers eagerly await key reforms that could reshape the economic landscape.
Draped in an off-white handloom silk saree with fish-themed embroidery and a golden border, Sitharaman was today morning clicked with several other officials. With the tablet securely placed inside a red cover featuring a golden national emblem, she met President Droupadi Murmu at Rashtrapati Bhawan.
This year’s budget 2025 is expected to focus on tax reforms, housing benefits, incentives for the automobile sector, healthcare advancements, and fintech growth. Additionally, the government is likely to address concerns surrounding Securities Transaction Tax (STT) to boost stock market participation and ease the compliance burden on businesses. The stock market is also expected to react following the budget announcement.
With the budget announcement just hours away, the leaders in the energy sector are also calling on the government to increase investment in renewable energy, support domestic manufacturing, provide financial support and rationalise tax structure. Market leaders across the energy spectrum are urging the government to prioritise investments in solar, wind, green hydrogen, energy storage solutions, and grid modernisation in the upcoming budget.
