Budget 2025 Reaction| National Centres of Excellence for Skilling will strengthen specialized training, says USDC Global co-founder Dr Tom M Joseph

Nirmala Sitharaman presented her historic eighth Budget on February 1, 2025.

Finance Minister Nirmala Sitharaman presented her record eighth Budget this year. After the Budget was presented in the Lok Sabha, the FM also presented the document in the Rajya Sabha.

The Union Budget 2025 is the second Budget presented under the Modi 3.0 government, the first having come after the Lok Sabha elections.

Like the previous Budgets, this has kept in mind the government's goal of Viksit Bharat by 2047.

“As a company, we are a strong advocate of technology and the budget’s focus on skill development and technology in education is encouraging. Establishing the National Centres of Excellence for Skilling will strengthen specialized training that will provide learners better opportunities to acquire industry-relevant expertise. The Rs 500 crore allocation for a dedicated Centre of Excellence for AI in Education shows the expanding role of technology in shaping modern learning. Announcements on AI driven solutions can enhance accessibility, customization, and efficiency in education which will make learning more effective. These steps will help build a workforce prepared for emerging industry needs,” said Dr. Tom M Joseph, co-founder, USDC Global.

Yesterday, FM Sitharaman tabled the Economic Survey, which projects India's GDP to grow in the range of 6.3-6.8 per cent.In the last Budget, presented in June after NDA won the Lok Sabha polls, FM proposed new income tax slabs -- up to Rs 3 lakh nil, Rs 3-7L 5%, Rs 7-10L 10%, Rs 10-12L 15%, Rs 12-15L 20%, above Rs 15L 30%.

Fiscal deficit was estimated at 4.9 per cent of GDP and Sitharaman had stated the government aimed to reach 4.5 per cent fiscal deficit in 2025-26.

Union Budget 2025 | Nirmala Sitharaman, as Finance Minister, presented her record 8th Union Budget this time. While inflation has burnt a hole in the pockets of 'aam janata', the Modi govt gave income tax relief for those making up to Rs 12 lakh per year in salaried income. 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.