• 2 days ago
Budget 2025: देश का बजट पेश होने में चंद दिन रह गए हैं. Finance Minister Nirmala Sitharaman 1 फरवरी को उम्मीदों का बजट संसद में पेश करेंगी. बजट को लेकर हर किसी को उम्मीदें हैं खासतौर पर Income Tax को लेकर. क्या Income Tax Slabs में बदलाव हो सकते हैं? क्या Standard Deduction की लिमिट को बढ़ाया जाएगा? ये बजट किस तरीके से Indian Economy को रफ्तार देगा? देखिए GoodReturns की Editor Bhawna की Economist Sharad Kohli से खास बातचीत.

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Transcript
00:00Mr. Kohli, first of all, I would like to understand from the economic angle that how this upcoming budget can speed up our economy.
00:08What are your expectations in terms of economy and growth from Budget 2025?
00:13Namaskar Bhavna and my greetings to all your followers and viewers.
00:18Look, the budget is coming at a time when the economy of the country has slowed down a bit.
00:24Last year, we were growing at a rate of 8.2%.
00:28The projections for the coming financial year 2024-2025 show that we will grow at a rate of 6.4%.
00:35This means that our growth has slowed down a lot.
00:39Such a sharp fall in the GDP is considered to be a sharp fall.
00:42So, I think the budget will try to speed up this slow growth.
00:47However, there is a global scenario which says that the world's economy is growing at a rate of 2.7%.
00:57So, you can understand that if India is growing at a rate of 6.4% and the global economy is growing at a rate of 2.7%,
01:03then India is also growing at a rate which is twice as fast as the previous year.
01:09However, as India is the 5th largest economy in the world and the 3rd most aggressive economy,
01:15I think India has a responsibility to become the world's growth engine for itself and for the world.
01:22Looking at this, I think that the focus of the budget will be on consumption.
01:27Why did I talk about consumption?
01:29Let me tell you that the GDP of our country is made up of 60% consumption.
01:37When you and I buy things and services, 60% of the GDP is made up of these things.
01:44The rest of the GDP is made up of manufacturing, agriculture, services, etc.
01:51So, if consumption slows down, it is obvious that the GDP will slow down.
01:56So, in order to give boost to the GDP, we need to increase consumption.
02:01The solution to increase consumption is that there are four growth engines of the economy.
02:11Let me make it easy for the followers and viewers to understand.
02:16The first engine is what the government spends, which we call infrastructure spending.
02:21The government spends a lot on roads, airports, ports, and railway stations.
02:25The government spent a lot on this.
02:27Last year, it was a little less because of the elections.
02:29So, there is a policy paralysis in the elections.
02:32It slows down a little in the elections.
02:34This engine slowed down a little.
02:36So, the government will increase this engine.
02:38This also brings money into people's pockets.
02:40This is the first engine.
02:42The second engine is private investment.
02:44Private investment is when the industry installs new factories and expands the present capacity.
02:50This is the second engine.
02:52The third engine is private consumption, which I just talked about.
02:54The fourth engine is export.
02:56So, when these four engines fire, the economy will speed up.
03:00So, I think these four engines will be focused on in this budget.
03:04So that the economy will speed up.
03:06Then money will go into people's pockets.
03:08And when money goes into people's pockets, the GDP will increase.

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