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'Strong blueprint for propelling economic growth,' says US business non-profit body on Budget 2025

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..... 'Strong blueprint for propelling economic growth,' says US business non-profit body on Budget 2025
Budget
Dated:- 2-2-2025
PTI
New York, Feb 2 (PTI) The Union Budget 2025 is a strong blueprint for propelling economic growth toward the Indian government’s vision of a USD 5 trillion economy, an India-centric business advocacy group said and applauded what it described as “landmark reform .....

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..... s and forward-looking initiatives.” The US-India Strategic Partnership Forum (USISPF), an independent not-for-profit working to strengthen the US-India partnership in Washington DC and in New Delhi, termed as “robust,” the Union Budget 2025 unveiled by Finance Minister Nirmala Sitharaman on Saturday in New Delhi. Promoting financial modernisation through strategic investments and landmark refo .....

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..... rms in the tax structure, the Budget, according to a statement from the USISPF, signals to investors that India is committed to fostering a resilient, inclusive, and globally competitive economic environment. “We especially appreciate the shift in spending priorities this year, with greater attention to domestic consumption to support growth through increased domestic demand,” it said. It also .....

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..... welcomed the increased spending outlays for rural and urban development, social welfare, and development of the Northeast states and noted the more moderate increases in capital investments this year. Tarun Bajaj, chairperson of the US-India Tax Forum, added, “The Union Budget 2025 lays out a roadmap for boosting consumption and accelerating growth and employment. It has a strong focus on simpl .....

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..... ifying the tax regime, boosting domestic manufacturing, and on ease of doing business/deregulation and decriminalisation.” PTI NPK NPK NPK
News - Press release - PIB .....

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