India Budget 2025 Expectations Live Updates: Industry stakeholders eagerly await Finance Minister Nirmala Sitharaman’s upcoming Union Budget, with one key question on everyone’s mind: Will the Budget stimulate consumption, boost GDP growth, and provide tax relief to the common man and salaried individuals? Each year, the middle class looks to the Finance Minister for tax cuts that would alleviate their financial burden. Since the introduction of the new income tax regime by the Modi government, multiple revisions have been made to tax slabs and rates, aiming to make it more taxpayer-friendly. This year, expectations are high for further adjustments in both tax regimes, potentially putting more money in the hands of individuals.
Sitharaman will present the Union Budget for 2025 during a time when GDP growth has slowed significantly. It is anticipated that the government will focus heavily on economic recovery.
The first part of Parliament’s Budget session is set to begin on January 31 and will run until February 13, 2025, with the second part starting on March 10 and concluding on April 4, 2025.
In her eighth Union Budget speech, Finance Minister Sitharaman is expected to address a range of issues—from individual taxpayers to sectors like tech, healthcare, insurance, and finance. There are high hopes for announcements to help revive the economy, create jobs, and boost consumer sentiment.
This will be Sitharaman’s second full-fledged Budget in Modi 3.0 and her eighth overall Budget presentation in Parliament. Over her tenure, she has presented six annual and two interim budgets under the NDA government.
Though the Finance Ministry has not made an official statement yet, tradition suggests that Sitharaman will deliver her Budget speech in Parliament at 11 AM on February 1, 2025. Notably, despite the Budget being presented on a Saturday, the BSE and NSE will remain open on that day.
Stay tuned for continuous updates on expectations for Union Budget 2025.
