Edelweiss MF CEO Radhika Gupta on Budget 2025: ‘Addresses the Need of the Hour, Consumption is the Word of the Day!’

The Union Budget 2025 has effectively addressed current economic needs and put “money into the hands of people,” according to Edelweiss Mutual Fund CEO Radhika Gupta. She emphasized that Finance Minister Nirmala Sitharaman’s budget announcements on Saturday focused on boosting consumption—a key driver of economic growth.

Radhika Gupta noted that the Centre’s income tax relief would “energize consumption and growth at a critical time for the Indian economy,” as reported by Reuters.

CONSUMPTION is the word of the day! There was a lot of speculation this morning about what could be done in the budget, given the economic backdrop and global uncertainties,”she wrote in a post on X.

Praising the budget for its immediate impact, she added, Putting money into people’s hands to encourage spending. And raising the exemption limit to ₹12 lakh from ₹7.5 lakh is a bold, not incremental, move. Well done!”*

Budget Tax Cut Saved the Day’
Shortly after reacting to the Union Budget 2025, Gupta summed up the week’s financial events in a poetic post:

“Markets went wild, midcaps took a dive.
Deepseek and AI wars have come alive.
Trump’s antics only added to the grey.
Till a Budget tax cut saved the day.
The week is over. We survive.
And now, happy weekend.”

Key Highlights of Union Budget 2025
Finance Minister Nirmala Sitharaman delivered relief to taxpayers by announcing that net income up to ₹12 lakh per annum would be exempt from income tax under the new tax regime.

Additionally, the government will introduce a revised tax slab structure aimed at significantly reducing middle-class taxes, thereby boosting household consumption, savings, and investments. Sitharaman also projected a 14.4% increase in income tax collections, reaching ₹14.38 lakh crore in FY 2025-26, while corporate tax revenue is expected to rise by 10.4% to ₹10.82 lakh crore.