Union Budget 2025 Reactions | Initiative to provide benefits to gig workers is highly appreciated, says Mahesh Krishnamoorthy, Managing Director, Core Integra

Mahesh said, 'Continued focus on the Udaan scheme is a significant move towards developing Tier 2 and Tier 3 locations in India since the industries would spread and reduce clustering in metros and mini metros.'

Finance Minister Nirmala Sitharaman on February 1 presented her eighth consecutive Budget with a speech which lasted for 74 minutes.

Mahesh Krishnamoorthy, Managing Director, Core Integra said, "Budget 2025 was expected to be a conservative one with no gimmicks considering that the central government and Indian economy is currently stable, and we need to wait and watch considering the global economic situation and geopolitical scenarios. It is nice to note that the Government’s strategies year on year are aligned to the Vikasit Bharat 2047 vision, and the Budget 2025 continues to boost relevant sectors for stable growth over a period of time. Few good things to note in the budget includes the structured approach categorising growth engines (Agriculture, MSME, Investments, Exports) around relevant domains of Taxation, Power, Urban development, Mining, Financial services and Regulatory reforms which is a robust structure as we move towards a mature economy."

"The initiative to regulate and provide benefits to gig workers is highly appreciated since this sector is rapidly growing and poised to generate higher employment in the years to come, this initiative will set the pace for additional reforms in this sector. Continued focus on the Udaan scheme is a significant move towards developing Tier 2 and Tier 3 locations in India since the industries would spread and reduce clustering in metros and mini metros," Mahesh 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.