Union Budget 2025-26
Key Highlights, Expectations, and Live Updates
Finance Minister Nirmala Sitharaman is set to present the Union Budget 2025-26 on February 1, 2025, at 11:00 AM IST. This will be her seventh consecutive budget presentation and is expected to focus on economic growth, fiscal consolidation, tax reforms, and sector-specific policies.
📺 Watch the Union Budget 2025 Live
Citizens can watch the live stream of the budget presentation here: 🔴 Live Streaming on YouTube.
📊 Economic Outlook & Fiscal Policy
- GDP Growth Projection: The Economic Survey 2025, presented on January 31, 2025, has projected India’s GDP growth at 6.3%-6.8%.
- Fiscal Deficit Management: The government plans to shift its fiscal focus from direct deficit reduction to a long-term debt-to-GDP strategy.
🏦 Income Tax Expectations & Reforms
- Possible income tax relief for individuals earning between ₹10 lakh and ₹20 lakh to boost spending.
- The government is considering a zero-tax slab for individuals earning up to ₹10 lakh per annum.
- Simplification of capital gains tax and possible GST reforms for small businesses.
🏗️ Infrastructure & Public Investment
- Increased capital expenditure on highways, railways, and urban infrastructure to drive economic growth.
- A significant boost in housing loan tax deductions, possibly up to ₹5 lakh per annum.
🌍 Climate & Sustainability Initiatives
- More incentives for renewable energy projects and green hydrogen production.
- Strengthening of climate-resilient agriculture and electric mobility subsidies.
📌 Sector-Specific Expectations
🩺 Healthcare & Insurance
- Reduction in GST rates on health insurance premiums to make policies more affordable.
🏡 Real Estate & Housing
- Expected increase in tax deductions on home loans to encourage real estate investments.
🎮 Gaming Industry
- GST rationalization is anticipated after a previous hike in October 2023.
📈 Financial Services
- Demand for a business-friendly tax environment and streamlined regulations.
📅 Key Announcements to Look Out For
A mix of 37 new and old schemes will be announced, focusing on welfare, rural development, and economic reforms.
This Budget will be crucial in shaping India’s economic trajectory ahead of the 2024 Lok Sabha elections. Stay tuned for real-time updates and analysis!
📺 Watch the Union Budget 2025 live here: 🔴 YouTube Live