Union Budget 2025 Reactions | 'Initiatives like SWAMIH Fund 2 aim to address housing challenges, offering relief to middle-class homebuyers,' says Rajiv Sabharwal, MD & CEO of Tata Capital

'The increased capital expenditure signals a clear commitment to infrastructure-driven growth, job creation, and India’s competitiveness, further aligning with the vision of Viksit Bharat through efficient capital allocation to key sectors,' 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, Rajiv Sabharwal, MD & CEO of Tata Capital, said, "The Union Budget FY 25-26 lays a strong foundation for inclusive growth, financial empowerment, and long-term economic resilience. With enhanced credit access for MSMEs and startups, alongside targeted support for exporters and underrepresented entrepreneurs, including women and marginalized groups, the government is fostering entrepreneurship and driving a more equitable, self-reliant economy."

"The extension of tax relief is poised to boost consumer confidence, while initiatives like SWAMIH Fund 2 aim to address housing challenges, offering relief to middle-class homebuyers managing EMIs and rent. These measures will stimulate demand, unlock growth in the real estate industry, and help meet the housing needs of a growing population."

"The increased capital expenditure signals a clear commitment to infrastructure-driven growth, job creation, and India’s competitiveness, further aligning with the vision of Viksit Bharat through efficient capital allocation to key sectors," Sabharwal 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.