India Unveils Budget Focused on Infrastructure and Green Energy

India Unveils Budget Focused on Infrastructure and Green Energy

The 2025 Union Budget of India, presented by Finance Minister Nirmala Sitharaman, marks a significant step toward long-term economic growth with a massive capital outlay for infrastructure and green energy initiatives. The budget, the first full financial year plan under Prime Minister Narendra Modi's third term, emphasizes sustainable development and self-reliance.

Key Highlights

The budget allocates substantial funds to infrastructure projects, including roads, railways, and urban development, aiming to boost employment and economic activity. A notable focus is on green energy, with increased allocations for renewable energy projects, including solar, wind, and hydrogen-based energy solutions.

Taxation Reforms

Under the new tax regime, incomes up to ₹12 lakh will be exempt from taxation, benefiting millions of middle-class taxpayers. The budget also introduces rationalized TDS and TCS limits, along with extended deadlines for filing income tax returns.

Agriculture and Innovation

The budget introduces several schemes to support farmers, including enhanced credit facilities and a mission to boost domestic pulses production. Additionally, ₹20,000 crore has been allocated for research and innovation in science and technology.

Export Promotion

To strengthen India's position in global trade, the budget offers exemptions and incentives for electronics, electric vehicles, and leather goods exports. A new provision allows voluntary declaration of material facts after clearance, simplifying trade processes.

Conclusion

The 2025 Union Budget reflects India's commitment to sustainable growth, infrastructure development, and green energy. By prioritizing long-term economic stability and environmental sustainability, the budget sets a roadmap for India's future.