365Telugu.com online news, February 4th,2025: This budget marks a notable departure from previous years, placing a strong emphasis on inclusion and growth-key pillars of Viksit Bharat.

I commend the Finance Minister for presenting a well-structured budget and look forward to analyzing the finer details.

A particularly commendable aspect is the effort to integrate the informal economy into the formal sector, especially amid its rapid expansion. Measures such as extending credit to street vendors, broadening the MSME definition, and enhancing credit support for startups are significant steps toward accelerating economic growth.

Additionally, the nearly 60% increase in credit limits for farmers is a transformative move, enabling direct access to working capital via credit cards. It is now crucial for banking institutions, in partnership with emerging NBFCs, to implement these initiatives effectively to maximize their impact.

Moreover, the reduction in individual income tax burdens is expected to boost disposable income, driving discretionary spending and reinforcing the government’s growth objectives.

On a broader scale, the introduction of innovation funds, the establishment of a Center for AI Excellence, and the capital outlay for this year will foster development and generate employment opportunities.

From an ease-of-doing-business perspective, while detailed guidelines are awaited, the government’s shift toward a trust-based regulatory framework is a welcome change, reducing compliance burdens.

Additionally, ensuring a stable and predictable tax regime will encourage foreign investment, addressing current concerns over taxation uncertainty.