3, Feb 2025
Budget 2025: Boost for MSMEs, Jobs & Consumption

Venkatraman

Venkatraman Venkateswaran, Group President & CFO, Federal Bank

It is a growth-oriented budget, focusing on our journey towards Viksit Bharat. Labor-intensive sectors like agriculture, footwear, leather, toys, and food processing, which are largely MSME sectors, have received a boost. This budget complements our focus on the MSME sector and presents an opportunity to further strengthen our relationship with customers and finance their growth. The personal income tax rate reduction also provides a boost from the consumption side.

The fiscal consolidation roadmap outlined last year stays the course, and government capex spending will provide impetus for infrastructure and job creation.
In summary, it is a balanced budget with a boost to consumption

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