New Delhi, Feb 2 (FN Bureau) The Union Budget 2025 strikes a fine balance between economic growth and financial relief for taxpayers and businesses, say experts “Overall, the budget reflects a forward-thinking vision, supporting individuals, businesses, and the nation’s progress. For salaried individuals, higher standard deductions and increased tax exemptions on home loan interest will boost disposable income and savings,” Neeru Puri, CA, and chairperson of RupeeQ.com said. The MSME sector receives a strong push with easier credit access, reduced compliance, and subsidies for digital adoption, fostering business expansion.
Investments in infrastructure and fintech will accelerate economic growth and job creation, while interest subvention schemes will make home and business loans more accessible, encouraging financial inclusion, Puri added. Alps Hearing Research commented that it’s is a well thought out budget which assures savings for the middle class and aims to improve their standard of living. “Nirmala Ji has done an outstanding job, making life easier for people while boosting economic growth. It’s a well-planned budget that supports both individuals and the nation’s progress.” Anup Narang, of ALPS Hearing Research, added.