Guwahati: Finance Minister Nirmala Sitharaman is all set to unveil the roadmap for India's economy in the Union Budget 2024-25 on February 1 while industry stakeholders and experts eagerly await measures on taxation reforms, GST rate adjustments, boost domestic consumption and strategies to tame inflation. Moreover, FM Sitharaman is facing the challenge of balancing fiscal prudence with addressing the demands of key voter demographicsm, as reported by a leading media website.
Achint Setia, CEO, Snapdeal Marketplace shared her expectations around the Budget 2025. “We hope that Budget 2025 will incorporate substantive measures to increase the disposable income in the hands of India’s vast middle class. This is a powerful lever to boost domestic consumption, which in turn will enable Indian retail, both online and physical, to set a higher growth trajectory,” she told a leading media website.
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Moreover, the finance ministry announced on January 6 that Sitharaman concluded her month-long consultations with industry stakeholders that began on December 6, 2024. Parliamentary Affairs Minister Kiren Rijiju recently announced on X (formerly known as Twitter) that on the recommendation of the Government of India, President Droupadi Murmu, has approved summoning both Houses of Parliament for the 2025 Budget Session from January 31 to April 4, 2025. He further revealed that Union Budget 2025-26 will be presented on 1st February, 2025 in the Lok Sabha.
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