India's Economic Crossroads: Budget 2025 Must Address Growth Challenges Amid Global Volatility

As India faces a projected GDP growth slowdown to 6.4% in 2024-25, the upcoming Union Budget needs bold measures to revitalize the economy. Finance Minister Nirmala Sitharaman's eighth consecutive budget must focus on boosting consumption, increasing capital expenditure, and providing corporate incentives to spark investment. With the IMF projecting 6.5% growth for 2025-26, experts emphasize the urgent need for reforms to generate employment and transition workers from low-productivity agriculture to manufacturing and services sectors.

Source: Moneycontrol