Budget 2025: The main focus of the Union Budget 2025 is likely to be on inflation control, tax improvement and employment generation. Given the current economic conditions, the government can make many important announcements, which will give relief to the general public and give impetus to economic development.
Inflation, especially food items' prices fluctuations, have been a big challenge for the government. The budget allocation of PM Asha Scheme can be increased to control this. This time an allocation of Rs 10,000-12,000 crore is possible under this scheme. In addition, the price support scheme and price stabilization funds will also be increased, so that the prices of essential commodities such as pulses, edible oils, onions and tomatoes can be kept under control. The government can ensure the purchase of pulses at the minimum support price (MSP) and will provide them to consumers at cheap rates if needed.
The greatest hope of middle class and salaried people is about relief in income tax. Brokerage firm Motilal Oswal believes that the government can work towards simplifying the tax system and improving dividend taxation. Apart from this, there is a possibility of simplifying GST slabs, which reduces the burden of indirect taxes and increases disposable income of the people.
Employment generation and skill development will also be important components of this budget. The government can provide more opportunities to the youth by promoting implemented incentive and internship programs. According to the periodic labor survey, the labor force participation rate in India has improved and the government can announce new schemes to maintain this positive trend.
Given the high inflation in rural India, the government can also pay attention to schemes like direct profit transfer (DBT) and food coupon. Also, production and distribution reforms can be emphasized to strengthen agricultural value chains.
Overall, in Budget 2025, the government can announce balanced measures to maintain economic stability, increase employment generation and provide relief to the general public from inflation.
