Anticipation is building as Union Minister for Finance & Corporate Affairs Nirmala Sitharaman prepares to present the Union Budget 2025 on February 1.
With inflation running high, growth projections slipping to as low as 5.4 per cent in Q2 of FY25, and geopolitical tensions, including Trump’s tariff policies, adding to the complexity, many questions are on the table.
Can the government introduce measures to boost credit growth? Should NBFCs play a pivotal role in supporting SMEs and MSMEs? Will fiscal prudence or heavy spending take precedence? And what policies could propel exports and shape the vision of ‘Viksit Bharat’?
Expectations are high, and the challenges are multifaceted. In this context, ETBFSI is thrilled to bring you the fourth edition of its Budget series, “What do BFSI leaders expect from Union Budget 2025?”
The session
The live session, scheduled for January 3, 2025, from 3 pm to 4 pm, will see participation of Inderjit Camotra, MD & CEO of Unity Small Finance Bank, Sakshi Gupta, Principal Economist at HDFC Bank, and Raman Aggarwal, Director of the Finance Industry Development Council. Moderated by Amol Dethe, Editor of ETBFSI & ETCFO, the discussion shall offer expert perspectives on the most pressing concerns ahead of the Budget.
This month, ETBFSI will go live with expert panels from sectors discussing their expectations from the upcoming Budget 2025.
As of January 2, Sitharaman has chaired seven Pre-Budget Consultations, with the latest focusing on the financial sector and capital markets.
Leading industry bodies such as FICCI (Federation of Indian Chambers of Commerce & Industry) and PHDCCI (PHD Chamber of Commerce & Industry) have laid out their recommendations for the upcoming Union Budget 2025-26. FICCI emphasised the need for continued investment in public infrastructure with a proposed 15 per cent increase in capital expenditure, simplification of the tax regime, and the establishment of an independent dispute resolution forum to reduce tax litigation. Meanwhile, PHDCCI called for rationalising individual and LLP tax rates to 25 per cent, addressing the inverted duty structure in key sectors like cement and steel, and further reducing the cost of doing business through streamlined compliance and lower capital costs.
Catch the live stream on LinkedIn, YouTube, and Facebook.
