Budget 2025 Expectations |Targeted relief for the lower-income segments is expected, says Aditya Birla Sun Life AMC Co-CIO Harish Krishnan

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.

"The shift towards supply-side reforms—through PLI schemes, corporate tax cuts, and logistics upgrade, has been the defining feature of recent budgets, laying the foundation for long-term growth. While direct demand-side interventions may be limited, targeted relief for the lower-income segments is expected.

More importantly, the fiscal glide path and the RBI’s inflation credibility remain key to India’s macroeconomic standing, with S&P closely watching these markers for a potential rating upgrade. Encouraging India Inc. to re-leverage and drive fresh capex cycles will be critical in sustaining growth momentum," said Harish Krishnan, Co-CIO & Head Equity, Aditya Birla Sun Life AMC Ltd.

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.