Hello Mumbai Business Desk 

The Budget is focusing on build resilience and stability, heading towards Viksit Bharat. There will be greater focus on inclusiveness, social empowerment and economic resilience.
The Budget of 2025 gives a great impetus for the higher consumption for the middle-class. It is much better than the previous ones, as it focusses on consumption by the common man. They have recognized that spending by people is more important than industrial growth. This budget balances fiscal discipline with job creation and investment.

Some of the Budget Highlights:
1. Fiscal Discipline and Economic Growth –
* The fiscal deficit target has been reduced to 4.8% of GDP for 2024-25 and 4.4% for 2025-26. This means the Govt. is committed to fiscal consolidation
* There will be more focus on Infrastructure, Manufacturing and Exports
* The 4 engines of growth will be Agriculture, MSMEs, Exports and Investments
2. Agriculture & Rural Development –
* The PM Dhan-Dhaanya Krishi Yojana is meant to increase productivity and sustainability
* The mission for Atmanirbharta in Pulses and the National Mission on High Yielding seeds will ensure food security.
* Initiatives on Women Entrepreneurs, Farmers and MSMEs will enhance skill development
3. Urban Development and Infrastructure
* The launch of Urban Challenge Fund will create smart livable cities
* Continued Efforts towards affordable housing and clean water supply under Jal Jeevan Clean Water Mission is a great thing
* New public-private partnerships in logistics, transport, and energy security will boost our infrastructure
4. Financial Sector Reforms
* Govt has increased Insurance FDI investment to 100%.
* The introduction of Grameen Credit Score Framework will improve rural credit access.
* Modernizing the pension sector will give security to citizens.
5. Technology & Innovation
* The establishment of Center for Learning in AI for education will boost digital learning
* Expanding Atal Tinkering labs will encourage student innovation
* The National Geospatial Mission will modernize urban planning and land management
* A Deep Tech Fund of Funds is set to support next generation start-ups and emerging technologies
6. Tax Reforms and Compliance Simplification
* Raising the tax rebate limit to Rs 12 lakhs will benefit lakhs of tax-payers
* Reducing withholding tax rates will enhance ease of doing business
* Extending the tax filing return period from 2 to 4 years for voluntary disclosures is a welcome change
* Start-up tax incentives have been extended by 5 years to support Entrepreneurship.
* The introduction of safe harbor framework for transfer pricing will enhance tax transparency
* Rationalizing GST and customs duties will address duty structures and boost exports.

Overall, this budget is for a greater structural growth and boosting domestic consumption. Plus, a tight fiscal program and achieving the same ; will ensure our ratings ,globally.