Budget 2025: Thrust On Overall Infrastructure Development in India
By Shiwani Pradhan, Correspondent, Finance Outlook India
Jaya Vaidhyanathan, CEO at BCT Digital
Focusing on economic growth, credit expansion and sustainability, Jaya Vaidhyanathan, CEO, BCT Digital highlighted, “The budget takes a bold, strategic approach to economic growth, balancing fiscal incentives, credit expansion and sustainability to drive long-term resilience and global competitiveness. It boosts disposable income through reduced personal income tax and higher TDS limits for senior citizens and rent, stimulating consumption and economic momentum. Targeted credit expansion for farmers and MSMEs will inject vital liquidity, accelerating sectoral growth, while the transition to cashflow-based lending reinforces financial stability. The Bharat Trade Net and NABFID credit enhancements will sharpen India’s export competitiveness amid global headwinds. Moreover, a strong push for workforce participation, particularly for women, and a firm commitment to green initiatives will drive sustainable, inclusive development. I expect these measures to collectively lay the foundation for long-term economic resilience and nation-wide growth.”