Budget 2025: Union Finance Minister Nirmala Sitharaman is set to present the first full Budget of the Modi 3.0 government on February 1, 2025. The Budget is expected to introduce revised income tax slabs, major infrastructure investments, and increased funding for rural development and education, making it highly anticipated.
In a historic milestone, Sitharaman will present her eighth consecutive Union Budget, the highest ever by any finance minister in independent India.
Union Budget 2025-26
Finance Minister Nirmala Sitharaman is set to present the Union Budget for the fiscal year 2025-26 on Saturday, February 1, 2025, at 11 AM. She will deliver the budget speech in Lok Sabha, outlining key financial allocations and revenue estimates for the upcoming year. Following the speech, the Budget documents will be placed before Rajya Sabha.
The Budget Session of Parliament began on January 31, 2025, with President Droupadi Murmu’s address. This session is divided into two phases:
Phase 1: January 31 to February 13
Phase 2: March 10 to April 4
Also Read: Budget 2024 Highlights, Key Points from FM Sitharaman’s Speech
Budget 2025 Date and Time
Finance Minister Nirmala Sitharaman will deliver the Union Budget 2025 speech live at 11:00 AM on February 1. The speech will be broadcast on Sansad TV and can also be streamed online via the official Union Budget website (indiabudget.gov.in).
Earlier today, Sitharaman tabled the Economic Survey in Parliament, which projects India’s GDP growth between 6.3% and 6.8%.
Notably, the 2025 Economic Survey was presented just six months after the previous 2022-23 survey, which was released on July 22, 2024, following the General Election.
Budget 2025 Expectations
The Union Budget 2025 is likely to prioritize the agriculture sector while introducing potential tax reforms. One major expectation is the gradual phase-out of the old tax regime and a possible exemption from income tax for individuals earning up to ₹10 lakh annually, though this is yet to be confirmed.
Another crucial focus area is striking a balance between fiscal consolidation and economic growth, especially amid rising inflation.
Key industry demands include granting ‘industry’ status to the real estate sector and allocating funds for the advancement of artificial intelligence (AI) to drive innovation and adoption.
Also Read: Union Budget 2024 Highlights, From Income Tax to Employment Benefit
PM Modi’s Statement on Budget 2025
Before the Budget Session, Prime Minister Narendra Modi highlighted a key achievement. Addressing reporters on Friday, he stated that, for the first time since 2014, there was no foreign interference attempting to destabilize India before a session.
As his government prepares to present its first full Budget in its third term, Modi invoked Goddess Lakshmi, expressing hopes for prosperity for the poor and middle class.
He also emphasized that this Budget will boost confidence and accelerate India’s progress toward ‘Viksit Bharat 2047,’ a vision to make India a fully developed nation by its 100th year of independence.
Budget 2025 FAQs
Q.1. When will the Union Budget 2025 be presented?
Ans. The Union Budget 2025 will be presented by Finance Minister Nirmala Sitharaman on February 1, 2025, at 11:00 AM in Lok Sabha.
Q.2. What are the key expectations from Budget 2025?
Ans. Major expectations include revised income tax slabs, infrastructure investments, rural development funding, and support for artificial intelligence and real estate sectors.
Q.3. Where can I watch the Union Budget 2025 live?
Ans. The Budget speech will be broadcast live on Sansad TV and streamed online on the official Union Budget website (indiabudget.gov.in).
Q.4. Will there be any changes in the income tax structure?
Ans. The Budget is expected to introduce tax reforms, including a possible exemption for individuals earning up to ₹10 lakh annually, though official confirmation is awaited.
Q.5. What is ‘Viksit Bharat 2047’ mentioned in Budget 2025?
Ans. ‘Viksit Bharat 2047’ is PM Modi’s vision to transform India into a fully developed nation by its 100th year of independence in 2047.
