With a focus on accelerating growth, fostering inclusivity, and unlocking national potential, the budget pursued transformative reforms across key sectors. The vision of Viksit Bharatâzero poverty, a 100 per cent skilled workforce, and a self-reliant economyâwas at the core of the budgetâs roadmap and FM Nirmala Sitharamanâs eighth consecutive Union Budget speech.
Economic outlook and growth trajectory
Emphasising Indiaâs position as one of the fastest-growing major economies, the budget underscored the nationâs resilience amid global challenges. The next five years present a unique opportunity to drive balanced growth, strengthen domestic industries, and integrate further into global supply chains. Indiaâs GDP growth remains strong, projected at 7.2 per cent for FY 2025, continuing its upward trajectory. Inflation has been managed within the four to five per cent band, and Foreign Direct Investment (FDI) inflows have seen a 15 per cent year-on-year increase. With a Capital Expenditure (CapEx) of Rs. 10.18 lakh crore, the government is prioritising infrastructure, manufacturing, and job creation. The budget also commits Rs. 1.5 lakh crore in interest-free loans to states for infrastructure projects under public-private partnerships (PPPs).
Key Sectoral Reforms and Initiatives
Agriculture & Rural Economy
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JOHN DEERE'S AUTONOMOUS LEAP
John Deere's CES launches underscore its commitment to real-world customer solutions. It is addressing the critical labour shortage and operational efficiency challenge, writes Upendra Kasbekar.
SUPPLIERS ALIGN WITH OEMS
The Bharat Mobility Global Expo 2025, surpassed expectations with its expansive and innovative components display. It is a testimony to tier suppliers and ancillaries steering towards the future value chain, writes Ashish Bhatia.
INTEGRATED DRIVELINE SOLUTIONS
As the automotive industry moves towards electrification and intelligent mobility, integrated driveline solutions are a fundamental requirement, writes Upendra Kasbekar.
MAHLE GROUP RESTRUCTURING
MAHLE is undergoing a transformative restructuring as part of its âMAHLE 2030+â strategy, aimed at accelerating its transition towards electrification and thermal management.
ADDON BRAKING SYSTEM FOR SMART CONTROL
Braking technology has evolved beyond just stopping power; it now ensures intelligent control, efficiency, and accident prevention, writes Upendra Kasbekar
COCKPIT ELECTRONICS AND SMART ACCESS
A smaller Indian cockpit electronics market has significant growth potential and requires modernisation. Indian suppliers are ready, writes Ashish Bhatia.
INDIA IS FIGHTING FIT
In 2024, India's defence sector witnessed substantial developments in vehicle modernisation, infrastructure enhancement, and strategic partnerships, writes Ashish Bhatia.
IMTEX 25 SPOTLIGHTS TECHNOLOGICAL CHANGES
The Bangalore International Exhibition Centre (BIEC) was once again the epicentre of technological advancements and industrial collaboration as the Indian Machine Tool Manufacturersâ Association (IMTMA) successfully concluded the IMTEX, Tooltech & Digital Manufacturing 2025.
UNION BUDGET 2025 TRADE OFF AND GROWTH IMPETUS
The Union Budget 2025, presented amidst a charged parliamentary session, maintained the course for Indiaâs economic future and ended with a surprise forego to boost growth, writes Ashish Bhatia
BRAKE WEAR TESTING: CORRELATION BETWEEN VEHICLE AND DYNAMOMETER TESTING (PART 2 OUT OF 3)
This research focuses on reducing the mileage of open-road brake tests by simulating brake patterns on dynamometers, writes Fabio Squadrani, Senior Manager, Braking Systems in Applus IDIADA.
