365Telugu.com online news, February 3rd,2025: The Union Budget is growth-oriented, addressing both cyclical economic concerns and laying a strong foundation for long-term progress, aligned with the vision of Viksit Bharat.
Notably, labour-intensive sectors such as agriculture, MSMEs, footwear and leather, toys, and food processing have received a significant boost.
The budget prioritizes productivity enhancement across industries while creating expansion opportunities for MSMEs through an enhanced credit guarantee scheme and revised classification criteria.
Furthermore, the budget emphasizes improving the ease of doing business and establishing a stable taxation framework, fostering better business decision-making, encouraging private sector investments, and driving long-term economic growth.
Additionally, income tax reductions for taxpayers are expected to enhance middle-class consumption power and support deposit mobilization in the banking sector.
Amid these progressive reforms, the Finance Minister has successfully increased capital expenditure while maintaining fiscal consolidation.”