Union Budget 2025: A Business-Centric Analysis On February 1, 2025, Finance Minister Nirmala Sitharaman presented the Union Budget, aimed at propelling India towards its vision of becoming a developed nation by 2047. This budget is particularly significant for businesses. Key Highlights for Businesses 1. Boosting Disposable Income One of the most impactful changes in this budget is the reform in personal income tax. By raising the income tax exemption limit from ₹7 lakh to ₹12 lakh. 2. Fiscal Discipline and Growth The government has set a fiscal deficit target of 4.4% of GDP for FY26, signaling a commitment to fiscal consolidation while promoting growth. 3. Focus on MSMEs The budget places a renewed emphasis on micro, small, and medium enterprises (MSMEs), which play a crucial role in India's economy. By increasing investment and turnover thresholds for MSMEs by 2.5 times . 4. Infrastructure Development With an allocation of ₹11 lakh crore for capital expenditure, the budget aims to enhance infrastructure across the country. 5. Regulatory Reforms The establishment of a High-Level Committee for Regulatory Reform reflects the government's commitment to improving the ease of doing business in India. 6. Support for Startups The Union Budget has introduced measures specifically designed to support startups, including enhanced credit guarantees and customized credit cards for micro-enterprises. Conclusion The Union Budget 2025 presents a comprehensive roadmap aimed at fostering economic growth through strategic reforms and targeted investments,as India navigates its path towards becoming a developed nation by 2047. 👉Check out this Article on website : www.homeschoolofbusiness.in