The discussion featured experts who analyzed the budget’s economic implications, key policies, and strategic reforms. Ms Rachna, Joint Director at the Directorate General of Taxpayer Services, explained the budget formulation process and tax compliance simplifications. Economist S. Narendra highlighted the shift from capital expenditure to consumption-led growth, with increased infrastructure spending and tax exemptions for incomes up to Rs 12 lakh. Dr. Rashmi, Joint Commissioner at the Central GST Department, discussed inclusive development measures for youth, farmers, and women with MSME support. Sabareesh Ramanan, Director at Amruni IT Solutions, emphasized job creation through Global Capability Centers and advocated higher taxes on harmful goods. Prof Biplab Sarkar outlined India’s long-term growth vision of achieving 8% annual GDP growth and a $4 trillion economy. Prof Nalin Kumar critiqued the budget’s political influences ahead of state elections. Prof Thilak Venkatesan explained the topics of inflation, AI-driven growth, and agricultural productivity. Experts discussed indirect taxation reforms, inflation trends, and asset monetization’s role in infrastructure development, feasibility of India’s GDP targets and the impact of global trade policies. Dr. Rupa Sarkar moderated the panel discussion on Decoding Union Budget 2025: Growth, Reforms, and Impact organized on February 3, 2025 at RR campus by Faculty of Management and Commerce and Institute of Management & Institute of Economics.
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