Budget 2025 Expectations: Tax Reforms and Economic Growth

Corporate India expects income tax reforms, lower GST rates, and increased capex allocation in Budget 2025. Focus areas include tax slab rationalization, enhanced digital infrastructure, and measures to boost economic growth. Key Expectations: • Income tax slab rationalization for individuals • Further reduction in GST rates for essential goods • Increased capital expenditure allocation • Enhanced digital infrastructure for tax compliance • Measures to boost manufacturing and exports • Support for MSMEs and startups • Focus on sustainable development and green initiatives The budget is expected to balance growth objectives with fiscal consolidation.