Union Budget 2025 Reactions | 'A progressive step towards financial empowerment and economic resilience,' says Puneet Maheshwari, Director of Upstox

'The tax relief measures will enhance disposable income, driving consumption, savings, and investments across sectors. Increased capital expenditure, policy support for MSMEs, and incentives for innovation will further strengthen economic momentum and job creation,' he said.

Finance Minister Nirmala Sitharaman tabled the much anticipated Union Budget for FY 2025-26 on February 1, which also marked a record 8th Budget presentation for the 65-year-old. In a major relief to the middle class, Sitharaman announced that there would not be any tax liability on income upto Rs 12 lakh for salaried persons under the new tax regime and raised the basic exemption from Rs 2.5 lakh to Rs 4 lakh.

Speaking on this front, Puneet Maheshwari, Director of Upstox, said, "The Union Budget 2025 is a progressive step towards financial empowerment and economic resilience. The tax relief measures will enhance disposable income, driving consumption, savings, and investments across sectors. Increased capital expenditure, policy support for MSMEs, and incentives for innovation will further strengthen economic momentum and job creation."

"As India advances toward its vision of Viksit Bharat, these measures will not only deepen financial inclusion and market participation but also foster a more resilient and self-reliant economy, ensuring long-term, sustainable growth," Maheshwari added.

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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.