Union Budget 2025: Viewpoint
The Hindu
Union Budget 2025 receives mixed reviews from business leaders, highlighting infrastructure, technology, and income tax reforms.
Union Finance Minister Nirmala Sitharaman presented her eighth consecutive Budget on Saturday (February 1, 2025).
Top business figures offer mixed views on the Union Budget, with industry leaders like Kumar Mangalam Birla and Arundhati Bhattacharya praising its focus on infrastructure, technology, and consumption while some experts express scepticism about its ability to boost private investment and address defence needs.
The budget’s emphasis on AI-driven modernisation, green mobility and workforce development are among the areas they highlight. The proposed income tax reforms and support for MSMEs have sparked discussion about their potential to stimulate domestic consumption, though questions remain about the budget’s adequacy in addressing broader economic and security challenges.
The Budget has proposed the setting up of a Maritime Development Fund to support India’s maritime sector by providing financial assistance, via equity or debt securities, which will directly benefit in financing for ship acquisition and aims at boosting Indian-flagged ships’ share in the global cargo volume up to 20% by 2047.