Budget 2025 Expectations Live Updates: Will FM Nirmala Sitharaman lower income tax rates to boost consumption, GDP growth?

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Budget 2025 Expectations Live Updates: Will FM Nirmala Sitharaman lower income tax rates to boost consumption, GDP growth? - Times of India

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It may probably result in loss of revenue for the government to some extent, but what it will be more than compensated by the new inflows that will come in by way of increased liquidity and by way of increased participation,” says Jimeet Modi, Founder and CEO, SAMCO Securities.“As the economy is gradually shifting towards the new tax regime in a discretionary manner, it becomes imperative to rationalize tax slabs in the absence of major deductions and other incentives.

We, therefore, urge the government to change its policies to reduce the burden of heavy import duties on the Indian textile market and encourage domestic manufacturing units so that we can compete in the global textile landscape,” says Ajit Kankariya, Director, Sumeet Wholesale.

We believe these regulations are crucial in order to attract more retail investors and ensure fair compensations to all our investors and stakeholders,” says George Alexander Muthoot, MD of Muthoot Finance.“We anticipate that the 2025 Union Budget will create an environment conducive to India's ambition of becoming a global manufacturing hub.