The Budget 2025 is likely to provide much-needed boost to the Indian economy through increased infrastructure spending, tax relief to the country's middle class, and a more favourable dispensation of taxation for the financial sector, says Ravi Kumar Jha, MD &CEO, LIC Mutual Fund.

For the mutual fund industry, a comprehensive and forward-looking budget would catalyse domestic participation and ensure India's long term competitiveness in the global investment landscape. In addition, government should announce the continuation of fiscal and tax reforms that will drive structural development while ensuring sustained economic growth, says R K Jha.

“We are hoping that the government, in the forthcoming budget 2025 may also announce measures to align capital gains tax on debt funds with that of equity stocks to boost retail participation in mutual funds,” says CEO of LIC MF.