Mr. Prashant Mishra founder & CEO at Agnam Advisors
The Union Budget 2025 walks a fine line between fiscal discipline and economic growth. The 4.4% fiscal deficit target is bold, showing the government’s intent to stay financially prudent, even as some pushed for a slower approach. With ₹11.2 lakh crore allocated for capital expenditure—a solid 30% jump from last year—the focus on infrastructure is clear. The income tax exemption up to ₹12 lakh under the new regime is a big relief for many, though some may still prefer the old system. That said, there weren’t any immediate measures to boost growth, which left a few disappointed. Going forward, taxpayers will have to carefully weigh their options between the two tax regimes.
Vishal Jain, CEO, Manipal Business Solutions
The government’s initiative to revamp the Central KYC Registry in 2025 marks a transformative leap toward a more efficient and seamless compliance process. By streamlining the KYC framework, this move will eliminate redundancies, accelerate digital onboarding, and further enhance financial inclusion. With technology at the forefront, automation and AI-powered solutions will drive real-time compliance, minimizing friction for both financial institutions and customers. This visionary step lays the foundation for a more secure, transparent, and agile financial ecosystem in India, empowering progress and trust across the sector.
Mr. Amit Suri, CFP®️ – Founder of AUM Wealth
The latest tax reform marks a substantial shift from the previous regime, where incomes above ₹10 lakh were taxed at 30%. By raising the exemption limit, the government aims to enhance disposable income, driving consumption and economic growth. Individuals earning ₹12 lakh annually will now see their tax liability eliminated, effectively increasing their net income. This move is expected to provide financial relief to the middle class while stimulating demand across sectors.
Beyond personal taxation, the budget’s broader vision aligns with fostering inclusive development and encouraging private investment. Additionally, the emphasis on fiscal consolidation, urban consumption growth, and higher capital expenditure through central, state, and PSU allocations strengthens the economy’s foundation.
This forward-looking budget simplifies tax regulations and improves the ease of doing business, a major boost for industries such as D2C brands, quick commerce, and FMCG. By balancing tax relief with growth-driven policies, the government has delivered a fiscal roadmap that caters to both individual taxpayers and businesses, setting the stage for long-term economic resilience.