Budget Analysis and its impact on the Economy

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Jaipuria Institute of Management, Indore

On February 14, 2025, Jaipuria Institute of Management, Indore, hosted an engaging and insightful discussion on the national budget and its impact on the economy, bringing together distinguished experts from academia, government, and industry. The event provided a platform to examine the intricacies of the 2025 Budget and its implications for the nation’s financial future.

The session commenced with a warm welcome by Dr. Deepankar Chakrabarti, Director of the Institute, followed by an introduction by Dr. Ghanshyam Pandey, Associate Professor and Chairperson of the Social Responsibility Committee, who skillfully moderated the discussion, setting the tone for a dynamic and thought-provoking exchange of ideas.

The discussion opened with insights from Prof. R.S. Deshpande, Honorary Visiting Professor at the Institute for Social and Economic Change (ISEC), Bangalore. Prof. Deshpande reflected on the budget’s overarching goals, emphasizing its focus on infrastructure development, rural welfare, and fiscal prudence. Drawing from his extensive experience, he highlighted the government’s economic strategies and their alignment with the broader objectives of sustainable economic growth, stressing the need for long-term financial stability and equitable development.

Next, Dr. P.S. Birthal, Director of the ICAR-National Institute of Agricultural Economics and Policy Research (ICAR-NIAP), New Delhi, analyzed the budget’s crucial provisions for the agricultural sector. He elaborated on initiatives aimed at improving farmers’ income, enhancing productivity, and integrating innovative farming technologies. He emphasized the role of budgetary allocations in bridging the urban-rural development gap and addressing key issues such as food security and sustainable agriculture, showcasing how effective financial planning can transform the rural economy.
 

The discussion further delved into the industrial and corporate landscape with insights from Dr. S.P. Sharma, Chief Economist and Deputy Secretary General at the PHD Chamber of Commerce and Industry (PHDCCI), New Delhi. Dr. Sharma explored key budgetary provisions related to industrial growth, tax incentives for startups, and ease of doing business. He emphasized the importance of investment-friendly policies that drive innovation and economic expansion while maintaining a balanced approach to policy-making, fostering growth, and mitigating challenges faced by the private sector.
 

The event covered a wide spectrum of topics, including fiscal discipline, taxation reforms, rural development, and infrastructure spending, analyzing the budget’s potential to stimulate both consumption and investment. The session concluded with an interactive Q&A segment, where students and attendees actively engaged with the panelists, gaining valuable insights into the intricacies of the national budget and its long-term impact on the country’s economy.

Team Media Relations Committee for the Event Coverage:

Photographs – Dev Kumar Rurya and Divyansh Holker

Content – Social Responsibility Committee

Graphic Designer – Prince Bhardwaj

SPOC – Vignesh Nair & Vihit Aradhya RR