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The budget aims to balance fiscal discipline, infrastructure growth, and middle-class support. It highlights a target to reduce the fiscal deficit, increase capital expenditure, and overhaul the new tax regime to boost consumption. The focus on growth with fiscal prudence is set to enhance economic prospects.

There was a visible shift in tilt towards supporting consumption through lower taxes on middle class households, relative to the public capex-driven growth push witnessed over the past few years. Through this budget, the consumption story gets the much-needed push, while the capex story continues broadly as earlier.

While many were talking about the need for interest rate cuts, the real issue at this point was the slowdown in consumption. The government has put money in the hands of people at the lower end of the income spectrum through tax reductions. This was the need of the hour and, in that context, it was the right budget for this stage of the economic cycle.

The Finance Minister’s Budget announcements drove gains across FMCG, automobiles, consumer durables, insurance, and green energy stocks.

Global e-commerce giant Amazon on Saturday sold shares of business services provider Quess Corp for Rs 46 crore through an open market transaction, while promoter billionaire Prem Watsa promoted Fairfax Capital increased its holding in the company.

The Nifty closed 26 points lower on Budget day amid high volatility. Analysts see strong support at 23,300, with resistance at 23,500–23,600. A decisive breakout could push Nifty toward 24,000, while a drop below 23,280 may trigger panic.

The government’s proposal to allow 100% FDI in the insurance sector will attract global insurers, boosting employment and increasing insurance penetration. New entrants will expand into untapped markets, strengthening their customer base while enhancing life and asset protection for Indian citizens. This move is expected to drive economic growth and improve financial security across the country.

Budget 2025: The Union Budget 2025 keeps existing crypto tax rules unchanged, maintaining the 1% TDS and loss offset restrictions. Industry leaders express concerns over investor challenges, talent migration, and heavy taxation, while regulatory updates signal a step toward formal governance.