Budget 2025: Are the Promises Just a Façade? 🤔💸
- MediaFx
- Feb 4
- 2 min read
TL;DR: The 2025 Union Budget boasts initiatives for farmers, MSMEs, and the middle class. However, a closer look reveals that the allocations might not match the grand announcements, potentially leaving the marginalized without substantial benefits. Is the budget truly addressing the core issues? Let's dive in. 🌾🏢👨👩👧👦
Grand Announcements, But Where's the Money? 💭💰
The Finance Minister unveiled schemes targeting agriculture and Micro, Small, and Medium Enterprises (MSMEs), sectors vital to our economy. Yet, when we examine the numbers, there's a mismatch between promises and actual allocations. 📊🔍
For instance, compared to 2023-24, expenditures in 2024-25 have decreased for agriculture, education, rural development, and urban development. This trend raises concerns about the government's commitment to these sectors. 📉🏫🏙️
The Middle Class Gets a Nod, But What About the Rest? 🏠💼
The budget introduces tax reliefs aimed at the middle class, with income up to ₹12 lakh now exempt from income tax under the new regime. While this move benefits a segment of the population, it's essential to consider its broader impact. 🧾💡
The tax foregone due to these concessions is about ₹1 lakh crore, benefiting primarily the organized sector. However, this could lead to reduced expenditures elsewhere, potentially affecting the unorganized sector, where the majority of our population resides. The well-off may save, but the poor spend almost everything they earn, driving demand in the economy. 💸🔄
Supply-Side Focus: Is It Enough? 🏗️📈
The budget leans towards supply-side policies, granting concessions to the well-off and corporate sectors. While boosting the organized sector is crucial, neglecting the unorganized sector could exacerbate existing inequalities. 🏢⚖️
A Call for Genuine Commitment 🤝🌍
For the budget to be truly transformative, it must back announcements with substantial allocations, especially in sectors like agriculture, education, and rural development. Without this commitment, the lofty goals may remain unfulfilled, leaving the marginalized without the support they need. 🌾📚🏘️
Join the Conversation! 🗣️💬
What are your thoughts on the 2025 Union Budget? Do you believe it addresses the core issues, or is it merely a façade? Share your views in the comments below! Let's discuss how we can advocate for a budget that truly serves all sections of society. 🤝📝
