00:00The business year of 2025-26 in the Union Budget is just around the corner.
00:10Meanwhile, all sectors are looking forward to it.
00:14This can greatly affect product prices and service costs.
00:18The Finance Minister, Nirmala Sitharaman, is expected to address issues like
00:23Fiscal Consolidation and Employment.
00:26The Budget will focus on economic development,
00:29Home Manufacturing and Customer Relief.
00:32The Budget presented in July 2025 focused heavily on Public Transfer and Sustainability.
00:39This year, the Government can focus on sectors like Railway, Aviation, Health Care,
00:43Hospitality, Data Centre and Manufacturing.
00:49In these sectors, there are many possibilities to boost innovation,
00:52attract investment on a large scale, create employment
00:56and take India towards the green model of development.
01:01In the business year 2024-25, the Indian Government allotted Rs 1.19 trillion
01:06to the Ministry of Petroleum and Natural Gas to boost energy infrastructure.
01:11Meanwhile, the Petroleum Subsidy was reduced to Rs 11,925 crore,
01:16which is 2.57% less than the previous year.
01:21Prior to the Union Budget 2025, the Confederation of Indian Industry, i.e. CII,
01:26has requested to reduce fuel on excise duty while reducing consumption and inflation.
01:35If the Government pays attention to this recommendation,
01:38customers can see a reduction in petrol and diesel prices.
01:44The reduction in fuel costs will also affect transportation and logistics,
01:48which will benefit many industries.
01:50After this budget, India's pharmaceutical sector can see major changes.
01:55There is a shortage of essential medicines.
01:59Biotech company Biocor Limited has asked the Government to tax free
02:04essential medicines for cancer and rare diseases.
02:07If this step is implemented, it will boost India's health care ecosystem
02:12and make essential treatments more accessible to patients.
02:16In the Union Budget 2024-25, the Government allotted Rs 15,500 crore to the electronics sector,
02:23which focuses on semiconductor and mobile manufacturing.
02:27The purpose of this scheme is to strengthen home-made manufacturing
02:31and reduce India's dependence on electronic components.
02:34If this initiative is successful,
02:36in the long term, the consumption of electronic goods such as smartphones, laptops and customers' electronics can be reduced.
02:43In the Budget 2025-26, the focus will be on textile and garment industry in a new way,
02:48in which financial support, tariff cuts and incentives have been proposed to boost local production.
02:55The purpose of these measures is to increase the competitiveness of Indian clothes in global markets,
03:00while reducing prices for domestic consumers.
03:04This is also seen as an answer to the challenges faced by neighboring competitors like Bangladesh.
03:09To give relief to the middle class and boost disposable income,
03:13the Government is considering reducing the income tax for people with an income of up to Rs 1.5 million annually.
03:20The power to spend from this kind of step can increase,
03:23which can increase consumption in different sectors.
03:26Taxpayers are also keenly watching the improvement in the tax slab or the increased cut-off under Section 80C.
03:33There is hope for change in the priorities of infrastructure,
03:36along with a significant increase in the allotment for railway modernization.
03:40According to reports, to boost government connectivity and economic activity,
03:44it can put more pressure on the railway as compared to road transportation.
03:48This focus can affect pricing in sectors related to manufacturing, logistics and transport services.
03:55So what is your opinion on this news?
03:57Give us your opinion in the comment box and keep watching Good Returns for such updates.
04:01Don't forget to like and subscribe to our channel.
Comments