
Happy Investing
February 1, 2025 at 07:13 AM
In Budget 2025, Finance Minister Nirmala Sitharaman highlighted several key economic projections and initiatives:
*Economic Growth Outlook*
GDP growth projected at 6.3-6.8% for fiscal year 2025-2623
Current year's growth estimated at 6.4%, which is the weakest since the pandemic2
Goal is to achieve near 8% annual growth to realize "Viksit Bharat" target by 20473
*Key Focus Areas*
Reforms in six domains: taxation, urban development, mining, financial sector, power, and regulatory reforms1
Emphasis on supporting poor, youth, farmers, and women1
Launch of rural prosperity and resilience program targeting youth, women, and farmers1
*Strategic Initiatives*
6-year program for Atmanirbharta in pulses
National mission for high-yielding seeds
5-year mission to promote cotton production
Comprehensive program to raise vegetable and fruit production1
The budget aims to stimulate balanced growth and unlock India's economic potential while maintaining fiscal responsibility.