India's Budget 2025 heralds a transformative phase in the nation's economic and environmental landscape. Central to its agenda is the National Manufacturing Mission, which bolsters domestic production of clean energy components like solar PV cells, EV batteries, and wind turbines. This shift toward sustainability is further emphasized by halving import duties on solar panels and cells, fostering local manufacturing.
The Nuclear Energy Mission is a standout, with aspirations to reach 100 GW by 2047, facilitated by legislative amendments to encourage private sector involvement. This is complemented by a dedicated fund for rooftop solar installations and a significant increase in the National Green Hydrogen Mission's budget.
Budget 2025 also introduces tax cuts and incentives for various sectors, including technology, footwear, and leather, promoting self-reliance and innovation. Social security measures for gig workers and emphasis on rural skilling reflect a comprehensive approach to inclusivity.
Infrastructure and urban transformation receive a boost, with investments aimed at building climate-ready cities. The focus on high-value crops and MSME support aligns with the long-term vision of economic resilience. While challenges remain, particularly in private investment and EV incentives, Budget 2025 positions India on a path towards sustainable growth and global competitiveness.
