C͚R͚E͚D͚O͚
C͚R͚E͚D͚O͚
February 3, 2025 at 06:39 AM
*The latest budget left me with a big question: why were so many important sectors ignored?* Budgets are not just about numbers they’re meant to boost growth across industries and improve the overall economy. However, this time, key areas like railways, defense, energy, power, and public sector banks didn’t get much attention. This makes me wonder if we’re missing chances to strengthen our economy in the long run. While the government’s decision to increase income tax slabs is good news for taxpayers, it’s not enough to boost the economy on its own. Yes, it puts more money in people’s pockets, but without specific measures to support industries, demand and investments may not grow as much as we need. If we want people to spend more and drive growth, we need bold actions like creating jobs, investing in infrastructure, and supporting key industries. Sectors like railways and energy are crucial because they directly impact jobs and productivity. Ignoring these areas in the budget could slow our progress and hurt businesses that rely on them. Another missed opportunity was the lack of focus on banking PSUs, defense, and renewable energy, which have huge potential to strengthen our economy and attract investments. Without clear plans for these sectors, even the stock market hasn’t responded well to the budget. The government needs a balanced plan that supports all sectors. For example, we need incentives for railways, energy, and power, as well as funding for public sector banks to improve loans and financial stability. Private investments in infrastructure and renewable energy should also be encouraged to help drive growth. On top of that, reforms like simplifying GST and supporting manufacturing through schemes like production linked incentives could help boost consumption and production. While the tax relief is a welcome step, it’s not enough to push the economy forward. To truly grow, we need a budget that supports key industries and spreads growth across all sectors. Let’s hope future policies focus on these gaps and take steps to build a stronger, more balanced economy.
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