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A comprehensive and comparative analysis of union budget 2025

Author: 
Dr. Neha Agrawal, Dr. Garima Srivastava, Ms Shivani Mishra and Ms. Tanu Yadav
Subject Area: 
Social Sciences and Humanities
Abstract: 

The Union Budget 2025, delivered by Finance Minister Nirmala Sitharaman, prioritises economic growth, fiscal prudence, and social welfare (Government of India, 2025). The budget allocates ₹50.65 lakh crore, emphasising infrastructure development, defence, rural employment, and agricultural support, while preserving essential subsidies. Tax reforms seek to enhance middle-class consumption, whereas elevated capital expenditure is anticipated to foster investment and job development. The fiscal deficit aim is a primary concern, maintaining equilibrium between developmental objectives and economic stability. The budget emphasises digitalisation, green energy projects, and manufacturing incentives to promote sustained growth. Sectoral analysis reveals a robust advocacy for public-private partnerships and sustainable economic policies. This study rigorously analyses the budget's influence on inflation, employment, and investment sentiment. The budget establishes a robust basis for economic resilience; nonetheless, its total efficacy will hinge on successful execution and international economic circumstances (Government of India, 2025).

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