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The 2025 Budget presents an opportunity for the government to address key concerns of the global Indian diaspora.

The push towards a greener future and comparatively lower cost of running and maintenance has led to a surge in the usage of EVs, which has seen an increase on a year-on-year basis. Governments worldwide are incentivizing this shift through various tax benefits and deductions.

Prices of common vegetables and staples such as tomatoes, potatoes, onions, rice, and pulses dropped up to 40% in early 2025 due to fresh produce arrivals, better Kharif harvest, and increased imports. This decline helps ease household budgets and reduces retail inflation to a four-month low of 5.22%.

Experts are looking to the Union Budget 2025 for critical fiscal incentives to revive India's housing market by enhancing affordability. Proposed reforms include revising affordable housing criteria, increasing HRA exemptions, and offering tax breaks to boost demand, especially in affordable and mid-income segments.

Union Budget 2025: India's 2025-26 budget will focus on fiscal consolidation, capital investments, and a medium-term debt reduction strategy. The government aims to reduce the fiscal deficit to around 4.4-4.5% of GDP, emphasizing effective capital expenditure and boosting manufacturing. Rating agencies believe these measures can improve India's fiscal health and potentially lead to a rating upgrade.

Industry experts root for initiatives in the upcoming Budget that can boost consumer demand as well as make way for conducive regulatory measures to give the sector a leg up.

Finance Minister Nirmala Sitharaman will present the Union Budget for 2025-2026 in February 2025. Indias foreign exchange reserves have decreased, and the Indian rupee has depreciated against the U.S. dollar. Foreign Portfolio Investors have shown a turnaround in net equity inflows. The forthcoming budget is expected to focus on economic stabilization, foreign investment attraction, and sustainable growth.

The return of the scheme in its original form for another five years as they maintain that high credit costs in India as compared to other countries hurts their competitiveness.

Union Budget: The Indian government is considering the removal of the 2.5% concessional basic customs duty on copper scrap to benefit domestic industries. This potential change comes as imports of copper scrap have markedly increased. Industry representatives believe this move will help invest in modern recycling technologies, improving the quality of recycled copper.

With the health budget stagnant at 1.9% of GDP, far below recommended levels, Indias healthcare infrastructure is failing. Most public facilities dont meet essential standards, and primary health centres are overcrowded. The budget must prioritize preventive healthcare and address medical inflation to improve access and quality, crucial for becoming a developed nation.