Budget 2025 – Will Sitharaman make Tax relief, Petrol, roti and kapada affordable again?

Budget 2025 Expectations: Union Finance Minister Nirmala Sitharaman will present the entire budget on February 1, 2025. This will be the first entire budget of the Modi 3.0 regime, which can meet all sections’ expectations. Anyway, there are many expectations from the second Modi government budget of 3.0, from farmers to the employed and the industry.

Key Takeaways

Quick Read

What does the real estate industry expect?
What does the middle class expect?
How much capital expenditure target was set?
When will the Finance Minister's budget speech be?

In this budget, the limit of income tax exemption can be increased. Relief from petrol and diesel inflation can be brought under the ambit of GST. However, the government has not officially announced what big announcement will be made in the budget. The situation will become clear only on February 1, when the government’s treasury opens.

What does the real estate industry expect?

This time, the entire budget, the senior citizen sector of the real estate industry, seems to be expecting many measures from the Union Budget. The government can likely help to grow this sector. This includes more financing options for houses and lower statutory payments. By 2030, the senior citizen sector will likely have a market worth $ 7.7 billion. This will lead to a demand for about 2.3 million senior citizen housing units. However, the current entry is only 1.3 per cent.

What does the middle class expect?

Everyone’s eyes are on the middle class in the budget because this class has the highest number of taxpayers. People of the middle class hope that the government can give some relief from tax in the entire budget. The tax limit on deposits can be increased.

How much capital expenditure target was set?

Everyone has a light of hope burning in their mind from the entire budget of 2025. Rating agency ICRA said on Wednesday that the central government should need to set a target of capital expenditure of Rs 11 lakh crore in the upcoming budget. Meanwhile, ICRA’s Chief Economic Expert Aditi Nair said that the capital expenditure of Rs 11.11 lakh crore in the last budget is expected to be about Rs 1.4 lakh crore less than the record estimate.

In such a situation, the target of the upcoming budget will have to be set at last year’s level. Nair noted that capital expenditures seem to be behind the pace required to achieve the budget target for the current financial year. If this happens, it will have a hefty impact or significantly impact an increase in the railway budget.

The central government is considering increasing the railway budget this time. According to some experts, Finance Minister Nirmala Sitharaman may increase the railway budget in the budget to be presented on February 1. A decision can be taken to improve it by 18 per cent. This can significantly help in completing the stalled railway projects.

When will the Finance Minister’s budget speech be?

No official information has been revealed yet about when Union Finance Minister Nirmala Sitharaman’s budget speech will be held. This will be the second entire budget of the Modi government’s third term. Nirmala Sitharaman will present her eighth consecutive budget as Finance Minister. She has given six entire and two interim budgets so far.