Union Budget 2025

About Budget

The Union Budget 2025 is expected to be presented on February 1, 2025, following recent tradition. This will be Sitharaman’s eighth budget presentation, including six annual budgets and two interim budgets.

The presentation is expected to begin at 11 am.

The announcement will take place on a Saturday, prompting the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) to remain open for trading despite their usual weekend closure.

In a circular, the exchanges confirmed a live trading session on February 1.

The budget is expected to set the economic direction for the next three to four years and will likely influence the Indian economy in the first half of 2025.

This budget gains added importance following a slowdown in India's economic growth.

GDP growth fell to 5.4% in the July-September quarter of 2024, marking a seven-quarter low and prompting calls for decisive fiscal measures.

Key expectations

Taxpayers are hoping for revisions in income tax slabs, especially under the new tax regime. Businesses are expecting incentives to boost investment and job creation.

Analysts predict the government may introduce measures to stimulate rural development, healthcare, and infrastructure while maintaining fiscal discipline.

Interim vs annual budgets

An annual budget details the government’s financial roadmap for a full financial year, including allocations and revenue projections. It focuses on comprehensive policy directions and sectoral priorities.

In contrast, an interim budget is presented during election years or transitional periods. It allows for essential government expenditures while avoiding major announcements or policy changes.