Budget 2025 Expectations | Must strengthen our education system, says InterviewBit & Scaler co-founder Abhimanyu Saxena

Finance Minister Nirmala Sitharaman will present the 8th consecutive Union Budget on February 1, 2025. Reports suggest that the government is mulling over cutting income tax for those who are earning up to Rs 15 lakh a year in February's budget, in turn providing relief to the middle class.

The taxpayers have pinned high hopes on the Union Budget FY 2025-26 documents and are keeping their fingers crossed regarding their expectations from the government's most important financial document of the year.

“To position India as a global leader, we must strengthen our education system to meet the evolving demands of the future. This would mean ensuring higher education remains accessible and affordable by considering a reduction in the current 18% GST levied on the sector and increasing bank loan support for critical fields like AI, data science, and other rapidly advancing domains.

We must focus on equipping the next generation with the skills and resources to build a future-ready India while fostering student entrepreneurial opportunities through initiatives like innovation labs and startup incubation programs.

Increased budgetary support for industry-academia collaborations and tax incentives for skilling initiatives will be crucial. Furthermore, investing in partnerships with global educational institutions will prepare students for a globalised world by fostering innovation, providing access to cutting-edge technologies, and empowering them to contribute meaningfully to India’s growth,” said Abhimanyu Saxena, Co-Founder, InterviewBit and Scaler.

Union Budget 2025 | Nirmala Sitharaman, who continues to be Finance Minister, will present her record 8th Union Budget this time. While inflation has burnt a hole in the pockets of 'aam janata', reports suggest there might be a tax relief for those making up to Rs 15 lakh per year. Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.