Union Budget 2025: Key Sectoral Expectations

1. Subsidy Allocations: The government plans to increase food, fertilizer, and cooking gas subsidies by 8%, totaling $47.41 billion.

2. Agriculture and Rural Development: Priorities include investments in yield improvement, bolstering the seed ecosystem, and accelerating digital agriculture adoption.

3. Income Tax Reforms: Taxpayers are expecting changes in tax slabs, including raising the basic exemption limit and enhancing standard deductions.

4. Infrastructure and Energy: Substantial investments in port modernization, urban development, and green energy initiatives are anticipated.

5. Disinvestment and asset monetization target for FY 2024-25 by 40%, bringing it down from 500 billion rupees to less than 300 billion rupees.

6. Healthcare Sector: Tax exemptions on medications for cancer and rare diseases to enhance affordability. Reduction in import duties on advanced medical equipment.