Union Budget 2025: Expectations From Upcoming Budget For Different Sectors Including Agriculture, Tax, and More

Budget 2025: As the 2025 budget approaches, different sectors including agriculture, railways, taxation, and technology, are expected to see considerable changes. In the agricultural sector, a 1-2% drop in loan interest rates might bring much-needed assistance to farmers while increasing their income. The railway sector is also set to get substantial announcements, with a focus on increasing train capacity and improving passenger comfort. Similarly, significant investments in 5G and 6G technologies may be made to accelerate digital improvements in the telecom industry.  

Budget 2025 Expectations

On the tax front, modifications in income tax slabs and an increase in the basic deduction from Rs 50,000 to Rs 1,00,000 could alleviate the financial strain on the average person. Measures to manage supply-side demand and inflation may also be implemented using AI-driven techniques. The education sector is asking for a GST decrease while lowering excise duty on gasoline and fuel could give economic assistance. There is also talk about raising import duties on gold and silver, as well as reforming the steel and manufacturing industries to encourage new investments and assist the Make-in-India drive. Furthermore, new affordable housing plans may be established to help more individuals become homeowners.