The Union Budget 2025 takes a decisive step towards strengthening India’s economic fabric by putting more disposable income in the hands of middle-class taxpayers. The revision of the ‘Nil tax’ slab to Rs 12 lakh under the new regime will encourage homeownership, indirectly driving demand in the interior infrastructure industry, including wood panels, veneers, and MDF. The expansion of the SWAMIH Fund to expedite the completion of 1 lakh housing units will further support this trend, easing financial burdens on homebuyers.
Additionally, the Government of India’s focus on manufacturing through the National Manufacturing Mission will be key driver of economic stability. The manufacturing industry not only boosts the country’s economic growth but also sustains the livelihoods of skilled labourers who form the backbone of industries across the board.
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