Union Finance Minister Nirmala Sitharaman, addressing a press conference on Saturday, emphasized that Budget 2025 is designed to propel India’s journey towards ‘Viksit Bharat.’ She highlighted key areas of investment, including agriculture, rural prosperity, and urban development. The budget, she said, prioritizes urban workers while maintaining a strong focus on structural reforms. Responding to public sentiment, Sitharaman reiterated the government’s commitment to simplifying income tax policies. She assured that the tax reform process, first introduced in the July budget, is now complete and will be formally presented as a bill in Parliament next week.
The Finance Minister also dismissed concerns over reductions in capital expenditure, asserting that public spending on infrastructure remains robust. The government, she explained, is keen on sustaining the multiplier effect of capital investments, which have proven vital to economic stability. Alongside fiscal prudence, Sitharaman stressed tariff rationalization, simplifying customs duties, and promoting ease of doing business. She positioned the budget as a continuation of Prime Minister Narendra Modi’s vision of a responsive governance model, ensuring that financial policies align with the aspirations of the people.
Emphasizing transparency and inclusivity, Sitharaman noted that the budget reflects India’s ongoing economic transformation. The proposed reforms are expected to provide relief to middle-class taxpayers while fostering an investment-friendly environment. Additionally, the government’s continued push for rural development aims to bridge socio-economic disparities. With these measures, Budget 2025 is positioned as a crucial step towards long-term economic resilience, reinforcing India’s global standing and commitment to sustainable growth.
