Analyzing the 2025 Union budget: tax reforms, economic Impact, and sectoral opportunities

Author(s)	Manu Bharadwaj V
Country	India
Abstract	The union budget 2025, introduces significant economic policies, tax reforms, and sectoral investments aimed at fostering economic growth and financial inclusivity in India. This research critically examines key aspects of the budget, including changes in income tax slabs, their implications for the middle class, and the resulting impact on disposable income and consumer spending. Additionally, the paper explores government initiatives for MSMEs, startups, agriculture, and manufacturing, highlighting their potential to drive business expansion and job creation. The study also addresses criticisms regarding fiscal allocations, political motivations, and concerns over reduced government spending in critical sectors. By analyzing both the benefits and drawbacks of the budget, this paper provides insights into its broader economic and political implications of India’s future development.
Keywords	Union Budget, Tax reform, economic impact.
Published In	Volume 7, Issue 1, January-February 2025
Published On	2025-02-11
DOI	https://doi.org/10.36948/ijfmr.2025.v07i01.36804
Short DOI	https://doi.org/g84xkx

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International Journal For Multidisciplinary Research