Budget 2025 expectations highlights: What Indian industry wants from FM Nirmala Sitharaman's eighth budget
Budget 2025 expectations highlights: The Union Budget 2025, which will be the second full budget of Modi 3.0, is expected to be presented by Finance Minister Nirmala Sitharaman in Parliament at 11 am on Saturday, February 1, 2025, marking her eighth consecutive presentation of a Union Budget. This also makes her the first Finance Minister to present eight union budgets in a row. The previous record was held by Morarji Desai who presented six consecutive budgets....Read More
The Budget 2025 is expected to have an increased focus on the agriculture sector with some tax reforms potentially taking place, such as the old tax regime getting phased out and introduction of zero income tax for those earning less than ₹10 lakh per annum. However, this hasn't been confirmed yet.
Balancing between fiscal consolidation and economic growth will be another prominent theme due to rising inflation figures.
This blog details the Indian industry's expectations from the new budget.
Budget 2025 expectations LIVE: Budget should promote the adoption of digital payments, Bank of Baroda's BOBCARD MD & CEO says
Budget 2025 expectations LIVE: Ravindra Rai, Managing Director & CEO of BOBCARD LIMITED, a wholly owned subsidiary of Bank of Baroda said, “As the Union Budget approaches, we look forward to decisive and visionary measures that will not only accelerate the adoption of digital payments but also position India as a global benchmark for a secure, inclusive, and innovation-driven digital economy. Groundbreaking initiatives, such as linking credit cards with UPI and leveraging UPI’s extensive reach across the country, have redefined payment convenience and empowered consumers with instant access to credit across diverse customer strata.
In the days to come, we hope the government will prioritize investments in advanced digital infrastructure, robust cybersecurity frameworks, and forward-looking regulatory enhancements. These measures are crucial to enabling alternative credit assessment models, encouraging responsible lending practices, and building consumer trust in an interconnected and fast-evolving digital world.
On a macroeconomic scale, nurturing a robust digital lending ecosystem and enhancing regulatory safeguards will not only fuel sustainable economic growth but also fortify India’s leadership in the global digital payments landscape. By deepening trust, expanding credit accessibility, and empowering financial resilience, we can lay a strong foundation for long-term economic progress and prosperity."
Budget 2025 expectations LIVE: Tetra Pak South Asia MD suggests GST changes to increase nutrition access
Budget 2025 expectations LIVE: Cassio Simoes, Managing Director, Tetra Pak South Asia said, “As the Union Budget 2025 approaches, we look forward to policy measures that drive sustainability, innovation, and growth in India’s food and beverage industry. Future-ready solutions deserve recognition and support—one such area is aligning GST on products like long-life UHT milk with basic pouch milk to enhance affordability and nutrition access. UHT milk ensures a safe, long-lasting supply across urban and rural areas, reducing cold chain dependency and minimizing wastage. The benefits of quality and access are greater than that of pouch milk and should be accorded due consideration. Additionally, streamlining clearances for food processing equipment exports, simplifying raw material import regulations, and incentivizing sustainable packaging will strengthen India’s global competitiveness. A collaborative industry-government approach can build a resilient, future-ready ecosystem that ensures food safety, security, and sustainability.”
Budget 2025 expectations LIVE: A key budget expectation is the inclusion of natural gas under GST, Essar Oil and Gas Exploration and Production CEO says
Budget 2025 expectations LIVE: Pankaj Kalra, CEO, Essar Oil and Gas Exploration and Production Limited said, "As we approach the Union Budget 2025-26, the oil and gas industry remain optimistic about key reforms that can drive growth, particularly in natural gas. A key expectation is the inclusion of natural gas under GST, which would unify the energy market and deliver benefits to consumers. Additionally, the passage of the Oilfield Amendment Bill is crucial for ensuring policy stability and simplifying processes, especially for unconventional resources like coal bed methane (CBM) and shale. These resources have significant potential to reduce import dependency and enhance India’s energy security. We strongly believe that continued incentives for unconventional hydrocarbon exploration will be vital in strengthening domestic energy security and supporting economic stability. A targeted focus on these areas in the budget, coupled with favourable policies, will create a robust framework for growth and long-term sustainability.”
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Budget 2025 expectations LIVE: Re-introduction of corporate tax concessions for new manufacturing units expected, Economic Laws Practice partner says
Budget 2025 expectations LIVE: Supreme Kothari, Partner at Economic Laws Practice said, “The manufacturing sector is eagerly anticipating strategic measures in the Union Budget 2025-26 to bolster domestic production. Key expectations include re-introduction of corporate tax concessions for new manufacturing units and increased allocations under the production-linked incentive schemes, especially for sectors where India aspires to become a global leader. Additionally, an announcement on the formulation of a dedicated manufacturing policy, as suggested by few economists, is expected. This policy could provide a structured framework to address various bottlenecks and ensure alignment with global technological advancements. Specific sectors are also eying lowering of customs duties on inputs and capital goods.”
Budget 2025 expectations LIVE: Reducing GST rate on FMCG and essential products will increase sales and consumption, Economic Laws Practice Partner says
Budget 2025 expectations LIVE: Sweta Rajan, Partner at Economic Laws Practice said, “Projections indicate that reducing the GST rate on mass-consumption FMCG and essential products will drive a significant increase in sales volume and consumption. This, in turn, is expected to boost overall tax revenue while helping mitigate the impact of price sensitivity on consumer demand.”
Budget 2025 expectations LIVE: Budget should assist R&D, especially for startups, TEAM spokesperson says
Budget 2025 expectations LIVE: A TEAM spokesperson said, “The ₹10,300 crore allocation for the India AI Mission in March 2024 signaled India's commitment to AI at a crucial time. With AI projected to contribute $15.7 trillion to the global economy by 2030, the upcoming Union Budget 2025-26 must prioritize key areas to maximize Maharashtra’s potential. We believe this budget should focus on four pillars: first, bolstering R&D to drive innovation; second, providing financial support to empower startups and emerging businesses; third, advancing training and skill development to create a future-ready workforce; and fourth, enhancing digital infrastructure, including focused tech parks in strategic locations to attract and retain talent, while ensuring data privacy and extending digital outreach to Tier 2 and 3 cities for inclusive growth. As the Minister for Information Technology has stated, AI is crucial for Maharashtra's industrial growth, business attraction, job creation, and leadership in the AI sector. This budget is our chance to turn that vision into reality."
Budget 2025 expectations LIVE: Budget should accelerate the adoption of AI-driven software, Mobavenue MD & CEO says
Budget 2025 expectations LIVE: Ishank Joshi, MD & CEO, Mobavenue said, “The Union Budget 2025-26 must prioritize investments in AI and digital infrastructure to strengthen India's position as a global leader in technology. By championing the 'Make in India for the Globe' vision, the government can drive innovation, develop export-ready solutions, and establish India as a hub for emerging technologies and advanced software solutions. We look forward to policies that promote research funding, provide workforce training through tax incentives, and foster partnerships with private enterprises to accelerate the adoption of AI-driven software. Furthermore, upgrading digital infrastructure, democratizing access to high-performance computing resources, enhancing digital data ecosystems, and expanding outsourcing capabilities will foster equitable growth. With India's AI market projected to reach $25 billion by 2030, this budget can lay the groundwork for global influence and inclusive digital and AI transformation.”
Budget 2025 expectations LIVE: Budget should support luxury retail while promoting authentic business practices, Culture Circle Co-Founder & CEO says
Budget 2025 expectations LIVE: Devansh Jain Nawal, Co-Founder & CEO, Culture Circle said, "As India's leading platform for legit sneakers, we anticipate the 2025 budget to address key areas crucial for the growing luxury retail sector. The focus should be on policies that support the organized luxury retail market while promoting authentic and legitimate business practices. "The previous budget made significant strides in digital retail infrastructure, but we expect this year's budget to further strengthen the luxury retail ecosystem," says Devansh. "With India's market for authentic Jordans, Yeezys, and Nike experiencing unprecedented growth, we anticipate reforms that could help regulate and organize this sector better."
Key expectations include simplified tax structures for luxury retail to encourage authorized retail channels, support for tech-driven authentication systems to combat counterfeiting, incentives for physical retail expansion in tier-1 and tier-2 cities, and policies supporting the integration of global luxury brands into the Indian market. "As we witness a growing appetite for authentic sneakers and streetwear among young Indian consumers, the budget should focus on fostering this emerging market," adds Devansh. "Reforms supporting authentic luxury retail would not only protect consumer interests but also accelerate India's position in the global luxury market."
Budget 2025 expectations LIVE: Lovak Capital Founder and CEO on Budget
Budget 2025 expectations LIVE: Jyoti Bhandari, Founder and CEO, Lovak Capital said, "I expect this budget to alleviate taxes, foster economic advancement, and enhance financial inclusion. Key expectations may include:
1. Incentive for new businesses and smaller firms
2. Encouragement for economic growth
3.More investment and savings deductions
4. Infrastructure development and affordable housing support
The budget should strive to address the needs of various stakeholders, including taxpayers, businesses, and investors. Hope to see initiatives that promote digitalization, financial literacy, and sustainable development. We look forward to a budget that is progressive, growth-oriented, and people-friendly."
Budget 2025 expectations LIVE: Single-window clearance system demand remains critical, Orris Group Head Sales says
Budget 2025 expectations LIVE: Vishal Sabharwal, Head Sales, Orris Group said, " As a major contributor to India's GDP, the real estate sector anticipates long-overdue recognition as an industry in the upcoming budget. The sector experienced strong growth in 2024, particularly in luxury housing, reinforcing confidence among affluent buyers. However, industry status and a single-window clearance system remain critical unmet demands for a long time. Addressing these would streamline approvals, accelerate growth, and enhance the sector’s economic contribution. Additionally, reducing input costs such as steel, cement, and fuel, would alleviate construction expenses. Introducing tax incentives for homebuyers and investors could further drive demand and capital inflow, ensuring sustained sectoral growth. These strategic measures would boost expansion across all real estate segments. "
Budget 2025 expectations LIVE: GST reduction on construction materials needed, KREEVA and Kanodia Group founder says
Budget 2025 expectations LIVE: Dr. Gautam Kanodia, Founder of KREEVA and Kanodia Group said, "The real estate sector is a pivotal contributor to the Indian economy, and we remain optimistic that the upcoming budget will address critical policy reforms to enhance liquidity in the market. The government should prioritize tax relief measures and consider reducing GST on construction materials, which would significantly lower project costs and empower developers to initiate new ventures with greater ease. Additionally, increasing the deduction limit under Section 80C for housing loan repayments would provide much-needed relief to homebuyers and boost housing demand. We also urge the government to grant industry status to real estate and establish a single-window clearance system, both of which are vital for streamlining operations and driving sectoral growth. We firmly believe that this year’s budget has the potential to strengthen the real estate industry, enabling it to play an even more substantial role in shaping the nation’s economic landscape."
Budget 2025 expectations LIVE: Urban development plans must also address air pollution, Kukreja Architects Managing Principal says
Budget 2025 expectations LIVE: Dikshu C. Kukreja, Managing Principal, CP Kukreja Architects said, “One of the key objectives of urban development plans must be to address air pollution. To address this issue, large investments are necessary; after all, what does a Viksit Bharat look like if its citizens are compelled to breathe poisonous air all the time?
The problem of waste management is equally urgent, since cities are becoming more and more like enormous landfills. In order to revitalize metropolitan areas and protect public health, adequate and targeted investment is essential.
Additionally, the PMAY program can reimagine urban housing by prioritizing green infrastructure, mixed-use complexes, and intentional densification. By giving priority to these factors in the upcoming budget, urban communities may become more vibrant, inclusive, and sustainable, meeting housing demands and improving people's quality of life."
Policies promoting green shipping, energy-efficient technologies, and renewable energy adoption are essential for fostering sustainability. Financial incentives for digitalization and the integration of advanced technologies such as AI, IoT, and Blockchain will accelerate the modernization of the sector, ensuring resilience and global competitiveness.”
Budget 2025 expectations LIVE: Real estate sector needs reduced input costs, Migsun MD says
Budget 2025 expectations LIVE: Yash Miglani, Managing Director, Migsun said, "NITI Aayog's projection of the Indian real estate sector achieving a $1 trillion market size by 2030 underscores its immense growth potential and long-term opportunities. To support this trajectory, the sector seeks government intervention to reduce input costs, particularly for materials like steel, cement, and fuel in the forthcoming budget. Additionally, a reduction in the GST rate on cement and targeted initiatives to promote affordable housing through enhanced tax incentives would provide much-needed impetus to the sector’s growth and affordability.
Budget 2025 expectations LIVE: Tax incentives for SMEs in wedding supply chain could enhance growth and competitiveness, Dighe Entertainment Founder & Director says
Budget 2025 expectations LIVE: Praavin Dighe, Founder & Director of Dighe Entertainment said, "In anticipation of the Union Budget 2025-26, it is imperative to recognize and support this multifaceted ecosystem. Tax incentives for small and medium-sized enterprises (SMEs) within the wedding supply chain could enhance their growth and competitiveness. Additionally, rationalizing the Goods and Services Tax (GST) rates on banquet and catering services, currently at 18%, could make wedding services more affordable and stimulate demand. Investments in infrastructure, particularly in tier-2 and tier-3 cities, would facilitate the expansion of destination weddings, thereby promoting regional economic development.
By addressing these areas, the Union Budget can play a pivotal role in sustaining and accelerating the growth of India’s wedding industry. This will not only benefit the broader economy but also further elevate the entertainment sector, ensuring that the artists and performers who contribute to making weddings unforgettable can continue to thrive in an increasingly competitive market"
Budget 2025 expectations LIVE: Real estate sector asks for industry recognition, SKA Group Director says
Budget 2025 expectations LIVE: Sanjay Sharma, Director, SKA Group said, "As one of the largest employers in India, particularly for unskilled and casual labour and among the foremost contributors to the country's GDP, one of the primary expectations from the upcoming budget is the long-awaited recognition of the real estate sector as an industry. This would significantly bolster the sector’s growth apart from aiding in the vision of "Housing for All" and driving employment generation. Additionally, we hope to see the introduction of a single-window clearance system to streamline approvals and a renewed push for affordable housing as there is a significant demand."
Budget 2025 expectations LIVE: Raising FDI limit in insurance from 74% to 100% needed, Zuno General Insurance MD & CEO says
Budget 2025 expectations LIVE: Shanai Ghosh, MD & CEO, Zuno General Insurance, said, “The upcoming Union Budget 2025 presents an opportunity to strengthen India’s insurance sector and provide the impetus for realizing the vision of ‘Insurance For All’. One of the key proposals under consideration has been raising the Foreign Direct Investment (FDI) limit in insurance from 74% to 100%. Insurance is a capital-intensive industry, and any move to enhance capital access is undoubtedly beneficial. This could attract global insurers seeking greater control on the Indian operations. There are numerous other benefits from greater international participation, particularly the access to latest tech and new products. Bringing in global best practices in processes and governance can also improve the operational efficiency of the Indian market. Having said that, India’s unique market dynamics necessitate a deep understanding of local nuances and a long-term commitment. Therefore, it will be important for Global Insurers who decide to go on their own in India, to get experts from the local market. Additional capital will obviously support growth of the industry, which in turn will generate more employment and positively impacting the broader economy.
The industry is also hoping for an increase in exemption limits under Section 80D for premiums paid in respect of Health Insurance, even though there is an overall move to simpler tax regime with no such exemptions. However, there are many Indians , for whom this could really provide more value , especially in the lower income slabs. This could incentivize more people to purchase health insurance by making it more accessible, particularly for the 'missing middle,' while encouraging financial resilience. There has also been discussion around lowering of GST along with continuation of input tax credit, could improve the affordability further.
Finally , there are some other aspects that are expected to be part of the Insurance amendment act that could also help further development of the industry. Apart from the much talked of Composite License will definitely help new players, the industry is really looking forward to open architecture for agents allowing them to distribute products of more than one Insurer and also being allowed to distribute value added products and services and supplement the premium income."
Budget 2025 expectations LIVE: Industry status to real estate would accelerate growth, HCBS Developments MD says
Budget 2025 expectations LIVE: Saurab Saharan, Group Managing Director, HCBS Developments said, "A key expectation of the sector from the upcoming budget is the long-awaited grant of industry status. As a major employer, particularly of unskilled labor, this move would accelerate growth and strengthen the sector's contribution to the economy. Additionally, the sector looks forward to the introduction of a single-window clearance system to streamline approvals and policies that further make homes more accessible to millions."
Budget 2025 expectations LIVE: Health, education, skill development, workforce participation, infrastructure and safety investments essential, Milaan Foundation Executive Director says
Budget 2025 expectations LIVE: Rati Misra, Executive Director, Milaan Foundation said, "In the last budget, only 2.28% of last year of the total allocation of the Union Budget 2024-25, highlighting a persistent trend that is both disappointing and discouraging. This allocation falls short of addressing the critical needs of India’s younger population. With 253 million adolescents in the country, including 120 million girls, it is imperative to prioritize and strengthen their foundation to ensure a brighter future.
This requires substantial and targeted financial investments across key areas such as health, education, skill development, workforce participation, infrastructure and safety. Such investments are not just expenditures but crucial enablers for unlocking the full potential of this demographic. Without these focused efforts, India risks missing the opportunity to fully harness its demographic dividend, which is expected to peak by 2041.
The window of opportunity is narrow and fleeting. Time is critical, and failing to act decisively and with the right kind of investments would mean losing out on a chance that may not reappear for generations."
Budget 2025 expectations LIVE: Real estate sector asks for industry status, CRC Group Director says
Budget 2025 expectations LIVE: Salil Kumar, Director (Marketing & Business Management) of CRC Group said, “To maintain the momentum of growth in the real estate sector, we urge the government to grant industry status to the sector in the upcoming budget. This would unlock the full potential of the industry, driving investments and supporting employment generation. Additionally, implementing a single-window clearance system would simplify processes and speed up project timelines. With a focus on affordable housing and addressing the challenges developers face, the sector can continue contributing significantly to the nation’s economy.”
Budget 2025 expectations LIVE: Housing finance, lending, NBFCs, and healthcare need simpler taxes, LeadSquared COO says
Budget 2025 expectations LIVE: Prashant Singh, COO, LeadSquared said, “The Union Budget 2025 offers a promising opportunity to implement transformative policies that simplify taxation and drive capital into vital sectors such as housing finance, lending, NBFCs, and healthcare. Simplified GST procedures and targeted fiscal incentives can empower these industries to adopt cutting-edge technologies, ensuring sustainable growth and fostering private sector innovation.
Investment in digital infrastructure and AI-driven solutions can optimize services and enhance efficiency in the healthcare sector. Strategic investments in AI-powered solutions and digital infrastructure can play a transformative role in addressing these challenges. Similarly, NBFCs can benefit from tax incentives and support for digital lending initiatives, significantly improving credit accessibility and distribution.
For SaaS companies like LeadSquared, targeted incentives supporting AI research, cloud technology, and innovation are crucial. Equally important is establishing a robust data security framework to ensure trust and credibility, which will drive long-term progress. A budget focused on these priorities can lay the foundation for sustainable growth and position India as a global leader in innovation."
Budget 2025 expectations LIVE: Reducing taxes on tiles and bathware would enhance affordability, SOMANY Ceramics MD & CEO says
Budget 2025 expectations LIVE: Abhishek Somany, Managing Director and CEO, SOMANY Ceramics said, “Natural gas stands as one of the most critical input costs in tile manufacturing. However, despite extensive deliberations across various industry platforms, it continues to remain outside the purview of GST. This exclusion creates a significant cascading effect, diminishing the industry's competitiveness on a global scale.
In parallel, the housing sector has gained prominence, driven by the Government of India's "Housing for All" initiative. Tiles and bathware, essential components across residential and commercial construction, are currently taxed at 18% GST. Reducing this rate to 12% would enhance affordability, aligning with the broader goal of making housing more accessible to all.”
Budget 2025 expectations LIVE: Budget must prioritize skill development in quantum computing, AI, IoT Security and blockchain, Trend Micro India & SAARC Country Manager says
Budget 2025 expectations LIVE: Sharda Tickoo, Country Manager for India & SAARC, Trend Micro said "Given the rapid evolution of technologies and the increasing complexity of cyber threats, the upcoming Union Budget must prioritize skill development in emerging fields such as quantum computing, AI, IoT Security and blockchain. The government, in collaboration with the private sector, must prioritize accelerating the development of educational programs and initiatives that bridge the talent gap in cybersecurity.
Additionally, providing clarity and expediting the implementation of long-overdue data privacy laws is crucial to attracting global businesses and enhancing competitiveness. Striking a balance between innovation and data protection through robust regulation framework will ensure that India remains an attractive destination for investment while safeguarding user privacy.
The upcoming budget should also prioritize strategic investments in cutting-edge technologies such as advanced threat intelligence, detection and monitoring, AI-powered security, and quantum-safe cryptography. These investments will enhance our ability to defend against evolving threats while future-proofing our digital landscape. Ultimately, cybersecurity is a shared responsibility that requires collaboration across government, industry and academia and the budget must prioritize this collective effort.”
Budget 2025 expectations LIVE: GST reduction on cement would drive growth, Mahindra Lifespace Developers CBO says
Budget 2025 expectations LIVE: Vimalendra Singh, Chief Business Officer (Residential), Mahindra Lifespace Developers Ltd said, "As we approach the Union Budget 2025, the real estate sector is optimistic about measures to reduce construction costs and enhance affordability. A reduction in GST on cement and allowing input tax credits for under-construction properties would drive growth. Increasing the home loan tax exemption limit would benefit middle-income buyers, especially with rising urban housing prices. Infrastructure investments remain a priority, and enhanced connectivity in smaller cities could unlock new development opportunities. These measures would strengthen the sector and support sustainable growth."
Budget 2025 expectations LIVE: Reducing Stamp duty burden, revising home loan interest rates, reviving Credit Linked Subsidy Scheme would benefit homebuyers, Vascon Engineers MD says
Budget 2025 expectations LIVE: Siddharth Vasudevan Moorthy, Managing Director, Vascon Engineers Ltd said, “We are optimistic about the Union Budget 2025-26 and look forward to transformative measures that can drive further growth in the real estate sector. Reducing the Stamp duty burden on customers, revising home loan interest rates, and reviving the Credit Linked Subsidy Scheme would greatly benefit the homebuyers. Additionally, relaxing FDI norms could open new avenues for investment. The real estate sector plays a critical role in the nation’s economic growth, and it has demonstrated remarkable resilience and growth. World over, governments such as Singapore and Dubai have used Real Estate as a tool to propel their economies and we are hopeful that the upcoming budget will introduce measures to further boost the sector and positively impact the growth of India.”
Budget 2025 expectations LIVE: Budget should focus on emerging technologies like AI and blockchain, coto Founder and CEO says
Budget 2025 expectations LIVE: Tarun Katial, Founder and CEO at coto said, "The startup ecosystem is transforming at lightning speed, powered by breakthroughs in AI, blockchain, and IoT. As we look ahead to the Union Budget 2025, I’m optimistic that the government will double down on policies that drive innovation, fuel growth, and unlock the game-changing potential of emerging technologies. Areas like 5G networks, data centers, and cybersecurity deserve strategic investments to build a strong digital infrastructure.
In addition, there is a growing focus on workplace well-being and emotional wellness. As we navigate an increasingly digital world, fostering a healthy work environment will be key to sustaining productivity and ensuring long-term success for businesses.
There’s also a growing need to support women entrepreneurs meaningfully, alongside simplifying the tax regime—less compliance, lower tax rates. Encouraging R&D, boosting funding for innovation, and reinforcing cybersecurity should be top priorities. If done right, these measures won’t just accelerate India’s digital economy—they’ll cultivate a thriving entrepreneurial culture and strengthen the nation’s position as a global tech hub."
Budget 2025 expectations LIVE: Announcement of a 1 lakh crore fund for private sector R&D a game-changer, ParkMate Founder and CEO says
Budget 2025 expectations LIVE: Dhananjaya Bhardwaj, CEO And Founder, ParkMate said, “The announcement of a 1 lakh crore fund for private sector R&D, backed by a 50-year interest-free financing scheme, is a game-changer for us. It empowers our team to dream bigger, work on groundbreaking ideas, and develop innovative solutions that can transform parking and mobility as we know it. This isn’t just about research-it’s about creating technologies that solve today’s challenges while preparing for a smarter sustainable tomorrow. On top of this, the extension of tax benefits for startups until March 31, 2025, is a significant boost for companies like ours. It reinforces the government’s trust in startups and provides the support we need to stay focused on building advanced parking solutions that genuinely make life easier. These measures fuel our commitment to innovation and inspire us to contribute even more to the nation’s progress.”
Budget 2025 expectations LIVE: Strengthening Credit Guarantee Scheme will help MSMEs, Tally Solutions MD says
Budget 2025 expectations LIVE: Tejas Goenka, Managing Director, Tally Solutions said, "MSMEs play a vital role in India’s economy, and the upcoming budget is an opportunity to address their challenges while enabling growth. Strengthening the Credit Guarantee Scheme to provide seamless access to affordable funding will help MSMEs reduce their dependence on costly informal sources. Additionally, incentivising investment in the MSME sector will drive more investment towards these businesses, enabling their growth.
The government should also look at expanding the Presumptive Taxation regime under Section 44AD to include service providers, freelancers, and small tech-driven businesses, to further simplify compliance and ease operational burdens. The budget should prioritize and focus on skill development, job creation, and simplified regulations to unlock the full potential of MSMEs, empowering them to drive economic growth and innovation."
Budget 2025 expectations LIVE: Important to recognize software products and packaged software as a distinct category and establish right taxation framework, Tally Solutions MD says
Budget 2025 expectations LIVE: Tejas Goenka, Managing Director, Tally Solutions said, "India’s software products sector has immense potential to drive innovation and position the country as a global tech leader. To fully realize this potential, it’s important to recognize software products and packaged software as a distinct category and establish the right taxation framework. This will ensure a fair and supportive system that encourages sustainable growth and competitiveness. To further boost the sector, clarifying HSN or SAC codes for virtually exported software products and extending the RoDTEP scheme to cover these exports will help companies claim refunds on taxes paid, enhancing their global competitiveness.
At the same time, incentivizing research and development is critical to fostering innovation. Enhanced tax benefits for R&D will drive innovation, strengthen India’s digital ecosystem, and enable the industry to contribute significantly to the nation’s technological advancements and position the country as a global tech leader.”
Budget 2025 expectations LIVE: Raising income tax standard deduction needed, StockGro Founder and CEO says
Budget 2025 expectations LIVE: Ajay Lakhotia, Founder and CEO of StockGro said, "As we approach the Union Budget 2025, there is significant anticipation for tax reforms and job creation initiatives. A key expectation is raising standard deduction limit in income tax, which would provide essential relief to middle-class families and boost disposable income, encouraging greater economic participation.
Also, to foster an inclusive investment ecosystem, I hope the government evaluates increasing the long-term capital gains (LTCG) exemption limit to ₹5 lakh and reducing the Securities Transaction Tax (STT).
Additionally, expanding capital gains exemptions under Sections 54 and 54F for residential property reinvestment would truly support India’s vision of a robust financial market.
For Startups, simplifying ROC Compliance and keeping most of the sectors under Automatic FDI route will ensure brining in more capital into the ecosystem. These initiatives will not only drive innovation but also align with the improving the job market. Collectively, these efforts can help realize our vision of a 'Viksit Bharat' and promote economic progress for all."
Budget 2025 expectations LIVE: India's insurance sector to grow under new budget, Alwrite Founder says
Budget 2025 expectations LIVE: Aditya Dadia, Founder of Alwrite said, "The insurance industry in India has experienced significant growth in recent years and I am hopeful that the upcoming budget will include measures to further promote financial inclusion and security. I want to see a progressive budget and introduction of policies in the Union budget 2025-26 to promote insurance penetration across the corporate and social sectors.
In particular, I expect the government to reduce GST on insurance premiums especially health, accident and life insurance. Increasing the deduction will encourage individuals to invest in the insurance policies, thereby strengthening the industry and alleviating financial pressures on policyholders.
Overall, the Union Budget 2025 is anticipated to introduce reforms designed to foster the growth and accessibility of India's insurance sector."
Budget 2025 expectations LIVE: Govt backing for Telesurgery and Teleproctoring crucial, SS Innovations Founder, Chairman, and CEO says
Budget 2025 expectations LIVE: Dr. Sudhir Srivastava, Founder, Chairman, and CEO, SS Innovations said, “Innovation in medical technology, especially homegrown solutions, is essential for a self-reliant India. As we pursue the vision of Atmanirbhar Bharat, it is vital to not only promote indigenous technology but also ensure it reaches the people it is intended to serve, particularly through initiatives like Ayushman Bharat. Government support for Indian innovation will help make medical technologies both affordable and accessible to the masses. One area requiring attention is the import duties on critical components for medical devices, as India currently relies heavily on foreign imports. The Government should undertake serious investments into developing and manufacturing these critical components in India, but, in the meantime, revisiting these duties and creating a favourable environment, we can strengthen domestic production, positioning India as a global leader in med-tech innovation. Institutions such as IITs and Medical Government colleges can play a pivotal role in leading the MedTech revolution in the country provided they are given a right platform and proper infrastructural support.
Additionally, government backing for emerging fields like Telesurgery and Teleproctoring is crucial. These technologies can revolutionize healthcare delivery in remote regions by enabling access to expert surgical care and medical education through digital platforms. With the right policies and investment, Telesurgery can be a game changer, allowing specialists to perform surgeries remotely in underserved areas, while Teleproctoring ensures the spread of vital knowledge and expertise across the country. Building the necessary infrastructure for these technologies will ensure that quality healthcare reaches even the most isolated communities.
We firmly believe in the government's commitment to the “Make In India” vision. The future of healthcare in India depends on establishing homegrown technology as the cornerstone of progress, ensuring that world-class treatment is accessible to all.”
Budget 2025 expectations LIVE: Sattva Group VP on measures to boost real estate
Budget 2025 expectations LIVE: Shivam Agarwal, VP of Strategic Growth at Sattva Group said, "As we prepare for the upcoming union budget, it’s crucial to present strategic recommendations to bolster the Indian real estate sector. The introduction of a single window clearance system has already improved approval processes, reducing project timelines and costs. To further enhance the sector, we propose several key measures:
FDI Regulation Adjustments: Review FDI norms to attract domestic and foreign investments, enhancing developer liquidity.
Revising Input Tax Credits: Establish a favorable input tax credit regime to ease financial burdens on developers.
Streamlined GST: Adjust GST for under-construction properties to promote growth in commercial real estate.
Targeted Rental Housing Strategies: Improve rental housing availability to address urban challenges.
Public-Private Partnerships: Invest in infrastructure to enhance connectivity in tier-2 cities."
Budget 2025 expectations LIVE: Increased funding for Digital India initiatives like BharatNet expected, 3C IT Solutions & Telecoms MD & Founder says
Budget 2025 expectations LIVE: Ranjit Maayengbam MD & Founder of 3C IT Solutions & Telecoms (INDIA) Limited said, "As we look ahead to 2025, the IT and telecom sectors are set to witness transformative growth powered by 5G, AI, cloud computing, and the Industrial Internet of Things (IIoT). The upcoming budget holds immense potential to accelerate this momentum by focusing on critical areas that can drive innovation and inclusivity.
One key expectation is increased funding for Digital India initiatives like BharatNet, which can ensure rural connectivity and bridge the digital divide. Incentives such as subsidies or tax benefits for telecom companies investing in 5G infrastructure and research for 6G development will also be pivotal. Similarly, promoting the establishment of green data centers and encouraging SMEs to adopt cloud solutions can boost efficiency while supporting sustainability.
Simplifying regulations, such as implementing single-window clearances for ICT projects and reducing import duties on ICT equipment, will help businesses scale faster. Streamlining GST rates for ICT services and exports will also enhance our global competitiveness.
Workforce development should remain a priority, with investments in skilling programs for AI, IoT, and cybersecurity. Partnerships between universities and industries to align curricula with market needs will prepare talent for future demands. Lastly, initiatives to encourage women to participate in the ICT workforce will bring much-needed diversity.
These steps can position India as a leader in the digital economy."
Budget 2025 expectations LIVE: Enhancing value addition and aggressively targeting export markets needed, Zetwerk Manufacturing Businesses President says
Budget 2025 expectations LIVE: Josh Foulger, President (Electronics), Zetwerk Manufacturing Businesses said, "I believe the Indian ESDM sector is poised for explosive growth, potentially mirroring the success of the Indian IT sector. While initiatives like PLI are crucial, a two-pronged approach – enhancing value addition and aggressively targeting export markets – is essential to unlock its true potential.
At Zetwerk, we are committed to supporting both Indian Value Chains (IVCs) and Global Value Chains (GVCs) by identifying and capitalizing on value addition opportunities within India and strategically expanding into the US and European markets. This export-driven strategy, coupled with the significant growth potential within the domestic market, particularly in areas like IT hardware, consumer durables, and smart home devices, can propel the Indian ESDM sector to $500 billion annual revenue.
We applaud MEITY's efforts in creating an enabling environment for this transformation and believe that a strong focus on innovation and collaboration will be key to realizing this ambitious vision."
Budget 2025 expectations LIVE: Home loan interest exemption may be increased to ₹8 lakhs annually to support first-time buyers, County Group Director says
Budget 2025 expectations LIVE: Amit Modi, Director of County Group, said, "One of the most long-standing demands the sector emphasises upon is the need to grant industry status to enable easier access to low-cost financing, which benefits consumers directly. Additionally, implementing single-window clearance is crucial for timely project completion and cost efficiency." "Furthermore, reintroducing GST input credits for residential real estate will stabilise costs. We also expect to increase the home loan interest exemption to ₹8 lakhs annually to support first-time buyers, while Section 80C should exclusively cover housing loan principal deductions or raise its limit to ₹5 lakh."
Budget 2025 expectations LIVE: Raising the Section 80C deduction limit for home loan repayments expected, Bhumika Group CMD says
Budget 2025 expectations LIVE: Uddhav Poddar, CMD of Bhumika Group says, “The foremost expectation is raising the Section 80C deduction limit for home loan repayments. We’ve also been waiting for real estate to be recognised as an official industry – this could really unlock the sector’s full potential and help it grow even more. On the commercial side, we believe the sector could use more support, especially with the government’s push for entrepreneurship. Lowering interest rates and creating a smoother approval process would also go a long way in making the whole ecosystem stronger.”
Budget 2025 expectations LIVE: Real estate sector hopes for its long pending demands of industry status and single window clearance, Landmark Group Founder and Chairman says
Budget 2025 expectations LIVE: Sandeep Chhillar, Founder and Chairman, Landmark Group said, "Supported by strong performance and sustained growth, the real estate sector is at a crucial point in its growth trajectory. The sector is pinning high hopes at the upcoming budget announcements to look into its long pending demands of industry status and single window clearance. Government must consider introducing policies and reforms, to further amplify foreign and domestic investment into the sector as it will further strengthen market sentiments. Additionally, we expect the government to consider a revision in taxation policies to offer greater benefits to first-time homebuyers as it could be a pivotal move fostering homeownership and driving broader economic growth."
Budget 2025 expectations LIVE: Incentivising real estate purchases through increased income tax rebates would be a welcome step, Raheja Developers VP says
Budget 2025 expectations LIVE: Mohit Kalia, Vice President (Sales), Raheja Developers, said, “Affordable housing is in urgent need of renewed attention. Incentivising purchases through measures such as increased income tax rebates would be a welcome step. The commercial real estate sector, aligned with the government’s push for entrepreneurship, also requires policy-level support to sustain its momentum. Rationalising interest rates to fuel demand and introducing a single-window clearance system to expedite approvals would further strengthen the real estate ecosystem.”
Budget 2025 expectations LIVE: Govt should introduce tax relief measures that boost disposable income and consumption, Informa Markets in India MD says
Budget 2025 expectations LIVE: Yogesh Mudras, Managing Director of Informa Markets in India, said, “India's jewellery industry, a cherished symbol of our cultural heritage, is poised to achieve a remarkable valuation of USD 21.54 billion, between 2023 and 2027. As we approach Budget 2025-26, the industry looks forward to impactful measures that enhance affordability, encourage compliance, and drive sustainable growth. To stimulate demand, we urge the government to introduce tax relief measures that boost disposable income and consumption. A reduction in GST from 3% to 1% would significantly ease the financial burden on businesses and consumers alike, particularly in rural regions. Moreover, a concessional GST rate for lab-grown diamonds would emphasise their sustainable and cost-efficient attributes, fostering innovation and aligning with global trends. Additionally, we anticipate proactive steps to curb unaccounted transactions in the retail jewellery sector, ensuring a more transparent and equitable business environment. Such initiatives would not only strengthen the industry's foundation but also propel it toward a vibrant and prosperous future. Informa Markets remains committed to supporting this dynamic sector by organising world-class trade events and fairs that showcase India’s unparalleled expertise in jewellery, gems, and pearls to a global audience. As stakeholders in this vibrant industry, we are optimistic about a budget that prioritises innovation, sustainability, and growth, driving India’s Gems and Jewellery sector to new heights."
Budget 2025 expectations LIVE: Govt should consider lowering import duties on raw materials to make high-quality cosmetics more affordable, MARS Cosmetics Brand Manager says
Budget 2025 expectations LIVE: Muskan Jain, Brand Manager at MARS Cosmetics said, “The beauty and personal care industry in India is set for remarkable growth, with an estimated market size of $30 billion by 2027 and a compound annual growth rate (CAGR) of 10%. As a leading brand in this sector, we are optimistic that the Union Budget 2025 will address the key challenges in the industry. With high import duties on raw materials impacting cost structures, we hope the government will consider lowering these charges to make high-quality cosmetics more affordable. Additionally, providing incentives for domestic production will not only support the Make in India initiative but also help drive job creation, enhance local innovation, and encourage the development of homegrown beauty solutions. Streamlining regulatory processes and increasing access to financing for emerging beauty brands would also empower more businesses to expand and compete globally. By implementing these measures, the government can help establish India as a dominant force in the global beauty market, strengthen local manufacturing, and enable brands like ours to meet growing consumer demand while creating a sustainable and competitive ecosystem for the entire beauty industry.”
Budget 2025 expectations LIVE: Budget should support cruelty-free, vegan, and toxic-free beauty products, Insight Cosmetics Sales and Marketing Director says
Budget 2025 expectations LIVE: Mihir Jain, Sales and Marketing Director, Insight Cosmetics said, “With market predictions indicating a value of $34 billion by 2028, India's beauty and personal care sector is expected to grow at a strong compound annual growth rate (CAGR) of 10-11%. As key players in the industry, we are hopeful that the Union Budget 2025 will introduce measures that support innovation, particularly in cruelty-free, vegan, and toxic-free beauty products. The beauty sector is set for significant growth, and we believe that policies promoting ethical beauty practices will help propel the industry forward. By prioritizing cruelty-free and toxic-free beauty products, the government can play a crucial role in making India a global leader in ethical beauty. We are confident that these initiatives will create fresh opportunities for brands, inspire greater consumer trust, and enhance India’s reputation as a hub for high-quality, ethically produced beauty products.”
Budget 2025 expectations LIVE: AI and HR technology require attention, Amara.ai CEO and Founder says
Budget 2025 expectations LIVE: Vikas kakkar, CEO and Founder of Amara.ai said, "As Budget 2025 approaches, the technology and HR sectors anticipate policies that will further accelerate innovation, strengthen businesses, and drive economic growth. Artificial intelligence (AI) and HR technology, being integral to India’s digital transformation, require focused attention to unlock their full potential.
Firstly, there is a need to incentivize research and development (R&D) in AI and emerging technologies. Tax benefits or grants for companies investing in AI innovation can position India as a global leader in this space. Encouraging advancements in automation and AI-powered tools will also attract significant international investments, boosting the economy.
Another critical area is skilling and upskilling the workforce in AI, data science, and machine learning. Allocating resources for targeted training programs will equip professionals with the skills needed to adapt to technological advancements. Such initiatives will bridge the talent gap and enhance employability, particularly in rapidly evolving industries.
Support for startups and MSMEs is equally important. Simplified access to credit, tax reliefs, and funding support will empower smaller enterprises, which are the backbone of innovation and job creation in India. Measures to encourage HR technology adoption in these businesses—such as tax rebates or subsidies for deploying employee engagement and management tools—could drive productivity and inclusivity.
Lastly, policy interventions aimed at fostering collaboration between the public and private sectors can promote sustainable growth and create opportunities for innovation.
Budget 2025 holds immense potential to strengthen India’s position as a global tech and HR hub. With the right focus on AI innovation, workforce development, and SME empowerment, the government can catalyze progress and ensure inclusive economic growth, benefiting businesses and employees alike."
Budget 2025 expectations LIVE: Continued prioritization of physical, digital, and social infrastructure anticipated, Lauritz Knudsen COO says
Budget 2025 expectations LIVE: Naresh Kumar, COO, Lauritz Knudsen Electrical and Automation said, “As India prepares for the Union Budget 2025, I am optimistic that the fine print shall strengthen business growth, promote innovation, and reignite the capex cycle. Sustained investments in infrastructure are imperative for India’s economic growth. With capital spending on infrastructure now at 3.4% of GDP, we anticipate continued prioritization of physical, digital, and social infrastructure as the nation works towards the vision of a Viksit Bharat by 2047.
Key initiatives such as the National Infrastructure Pipeline and Gati Shakti Master Plan, especially towards smart cities, road transport and railways, can unlock opportunities for long-term sustainable growth.
Extensions of the PLI scheme for solar energy, increased allocation for rooftop solar (PM Suryaghar Yojana), transmission grid infrastructure modernization, and smart metering infrastructure development, can accelerate the energy transition. Continued investment in power transmission infrastructure can augment this journey. Announcements to bolster energy storage solutions such as pumped hydro storage projects and battery energy storage systems, are key to India’s decarbonization. Following the increased investment in the National Green Hydrogen Mission, I anticipate continued financial incentives for pilot projects. With the budget's emphasis on digital infrastructure, we also see potential growth in data centres, implying increased power demand and investment opportunities. MSMEs remain the backbone of India’s economy, and targeted interventions are necessary to empower them. A Digital Acceleration Fund to support the adoption of AI, IoT, and cloud technologies would enable MSMEs to thrive in the digital economy. Initiatives like Skill 2.0 and Skill Credits could also address the growing skill gap and improve workforce readiness in emerging technologies. Expanding road networks, developing multi-modal logistics parks, and strengthening digital infrastructure shall enhance logistical efficiency and economic activity. In the context of global trade, achieving India’s ambitious export target of $2 trillion by 2030 shall require pivotal policy measures to enhance the competitiveness of Indian products. Financial support for solarizing and incentives for the domestic manufacturing of solar panels, cells, and batteries align with the “Make in India” vision and accelerate the energy transition. As the country advances its renewable energy goals, strong policy support is essential to achieve the 500 GW renewable energy target by 2030.
Investment in EV infrastructure, a robust FAME III initiative, and incentives for renewable energy integration, smart grids, and DISCOM modernization shall play a crucial role. Further, encouraging the development of green hydrogen infrastructure and supporting domestic oil and gas exploration shall bolster energy security while promoting sustainability.
Innovation is the bedrock of industrial progress, and the introduction of additional production-linked incentives (PLIs) for research and development (R&D) activities, tied to criteria such as employment generation, turnover, and capital investment, would significantly bolster the manufacturing sector.
In the context of global trade, achieving India’s ambitious export target of $2 trillion by 2030 shall require pivotal policy measures to enhance the competitiveness of Indian products.
Substantial investments in R&D institutions are essential to reduce reliance on foreign technologies and strengthen local capabilities.
Agriculture, employing 45% of India’s workforce requires focused attention. Enhancing irrigation coverage, digitizing agricultural processes, and promoting the adoption of advanced technologies are critical to mitigating climate impacts and ensuring resilience in this vital sector.
Today India’s per capita consumption of power is about a third of the global average, signalling the exponential headroom of growth that awaits, as demographic dividends start to bear fruit. At Lauritz Knudsen Electrical and Automation, we remain committed to matching every stride of the government’s march towards ‘Viksit Bharat’, especially as our INR 850 crore capital outlay takes shape. This capex shall augment our portfolio of energy management and automation solutions, those when deployed, will unlock growth powered by technology across different facets of the Indian economy.”
Budget 2025 expectations LIVE: Simplifying GST and reducing TDS on e-commerce sellers will ease compliance burden, especially for MSMEs DCGpac Founder & CEO says
Budget 2025 expectations LIVE: Suresh Bansal, Founder & CEO of DCGpac said, "As we look forward to Budget 2025, the e-commerce industry stands at a pivotal juncture, demanding key reforms to enable sustainable growth. Simplifying the GST structure across states and reducing TDS on e-commerce sellers will significantly ease compliance burdens and improve cash flows, especially for MSMEs. Additionally, tax holidays for startups will encourage innovation and boost entrepreneurial activity.
Infrastructure development remains critical for e-commerce expansion, particularly in Tier II and Tier III cities. Investments in last-mile connectivity, smart warehousing zones, and subsidies for green logistics, including EV adoption, will accelerate delivery efficiencies while promoting sustainability.
We also need streamlined cross-border trade policies to simplify customs processes and promote exports, along with initiatives to encourage digital payments by reducing MDR rates. Supporting AI and automation technologies in e-commerce operations can drive efficiency, enhance consumer experiences, and improve supply chains.
Lastly, policies to protect small sellers and gig workers, alongside government-sponsored skill development programs, will ensure inclusive growth, creating employment opportunities and fostering a fair, thriving ecosystem. We are optimistic that these measures will position India as a global leader in e-commerce innovation and sustainability."
Budget 2025 expectations LIVE: Budget should boost aesthetics sector, Alma Medical GM says
Budget 2025 expectations LIVE: Amit Shukla, General Manager - Head of Indian operations at Alma Medical Private Limited said, “The aesthetics industry in India is growing fast, thanks to various government initiatives, and the right steps can help it grow even more. For the 2025 Union Budget, we hope to see measures that will further boost the sector and make advanced treatments accessible to more people. Supporting research and development should be a priority. Setting up research hubs or providing funding for innovation can help create safer and more affordable treatments tailored to Indian consumers. While the Make in India initiative has encouraged local production, reducing import duties on raw materials unavailable domestically could lower manufacturing costs and improve quality. Simplifying rules for adopting new technologies is also important. Faster approvals and clearer guidelines would allow clinics to integrate advanced solutions efficiently, ensuring patients benefit from the latest developments. We also recommend offering tax benefits to businesses in this sector, particularly those expanding to smaller cities. This could help bridge the gap in access to advanced procedures for people outside metropolitan areas. Similarly, lowering GST on equipment used in aesthetic treatments would reduce costs, making these procedures more affordable for both providers and consumers. Another critical area is training. Aesthetic procedures require skilled professionals who can operate modern equipment and deliver safe, reliable results. Government programs to train and certify professionals in this field would help meet the growing demand. By taking these steps, the government can help the aesthetics industry grow stronger, improve accessibility, and position India as a global leader in advanced treatments.”
Budget 2025 expectations LIVE: 100% tax coverage could alleviate financial pressures for the hospitality industry, ELIVAAS Founder and CEO says
Budget 2025 expectations LIVE: Ritwik Khare, Founder and CEO of ELIVAAS said, “As the Union Budget is on its way, the hospitality industry is looking for an effort to support recovery and growth. One of the industry's primary expectations is comprehensive tax coverage. A 100% tax coverage across different segments could alleviate financial pressures. It can also ensure that important things like food services, accommodation, and travel are adequately supported. Adjusting the taxation rates can make tourism more attractive and will encourage both domestic and international visitors. India's robust USD 24 billion hospitality sector, fueled by increasing disposable income and the government's commitment to tourism infrastructure development, is poised for significant growth. The country’s success in hosting global events like the G20 and the ICC Cricket World Cup has attracted global brands and investors so far, positioning India as a key destination for hospitality development. Hospitality players are ready to open a record number of properties across the country, with emerging destinations like Ayodhya and Lakshadweep set to become popular hotspots this year. Therefore, the hospitality industry also seeks investments in tourism infrastructure and sustainability initiatives, which would not only create new employment opportunities but also increase productivity. The hospitality industry wants to be rescued from high operating costs and provided with an encouraging environment for any business venture, like holiday homes and villas. There is a good future in building well-educated and skilled manpower for the industry through education and training systems in hospitality services. The hospitality community now needs clear policy and fiscal measures that will help it get ready for the new year. Therefore, we expect a balanced budget that is going to promote real estate investment and employment generation in the hospitality sector. This will set us up for a resilient and thriving industry.”
Budget 2025 expectations LIVE: Budgetary allocation for education to ideally reach 6% of GDP, Aasoka CEO says
Budget 2025 expectations LIVE: Praveen Singh, CEO of Aasoka (MBD Group) said, "As we approach the Union Budget 2025-2026, there is hope for a significant boost in budgetary allocation for education and skill development, ideally reaching 6% of GDP to align with the ambitions of NEP 2020. Such investment will be crucial for enhancing public-private partnerships, expanding skilling initiatives, and creating sustainable employment opportunities that contribute to individual empowerment and national economic growth. With the ambitious GER targets in higher education, leveraging technology and online learning is essential to provide millions of students with access to quality education. This can only be achieved if policies prioritize both accessibility and the consistent improvement of learning outcomes.
Many educational institutions continue to face challenges due to outdated infrastructure and limited technological resources, such as insufficient computer labs and unreliable internet access. Addressing these gaps, along with equipping both students and faculty with the right tools and training, is vital to preparing future generations for a tech-driven job market. A clear policy roadmap is needed to ensure that critical learning skills are delivered effectively from primary to higher education, empowering students to thrive in a rapidly evolving world."
Budget 2025 expectations LIVE: Prioritizing investments in digital education infrastructure much needed, Zamit founder says
Budget 2025 expectations LIVE: Aarul Malaviya, Founder of Zamit said, "The Union Budget’s allocation for school education plays a pivotal role in shaping the future of our nation. A well-planned budget can address systemic challenges and lay the groundwork for a more equitable and dynamic education system. Prioritizing investments in digital infrastructure is crucial, especially as technology becomes an integral part of the learning process. Ensuring that schools across urban and rural areas have access to high-speed internet, modern devices, and interactive platforms can bridge the digital divide and create equal learning opportunities for all students. Equally important is the allocation for teacher training and development. Teachers are the cornerstone of quality education, and equipping them with modern pedagogical tools, digital literacy, and innovative teaching techniques can significantly elevate the learning experience. Empowered teachers are better positioned to inspire students and adapt to the evolving educational landscape. Investments in personalized learning tools, including adaptive learning technologies and AI-driven platforms, can further enhance education quality by addressing the unique needs of each student. These tools provide tailored learning experiences, enabling students to progress at their own pace while mastering critical skills.
By integrating technology and fostering innovation, we can bridge gaps in accessibility, improve learning outcomes, and prepare young minds for the demands of a dynamic, knowledge-driven economy. Thoughtful budgetary allocations will ensure that education becomes a transformative force, empowering students to thrive in an increasingly competitive and interconnected world."
Budget 2025 expectations LIVE: Granting of 'Industry' status to real estate much needed, Arbour Investments founder says
Budget 2025 expectations LIVE: Tejas Patil, Founder, Arbour Investments said, "as we approach the Union Budget 2025, the real estate sector, currently contributing approximately 7.3% to India's GDP and projected to reach 13% by 2025, anticipates reforms to address persistent challenges and unlock its full potential. This sector is also a significant employment generator, supporting over 50 million jobs, underscoring the need for focused policy attention.
A critical expectation is the granting of 'Industry' status to real estate, which can streamline access to institutional finance, potentially reducing borrowing costs and enhancing transparency. Furthermore, increasing the tax exemption limit for housing loans from ₹2 lakh to ₹3 lakh could spur demand for residential properties, making homeownership more affordable for the middle-income segment.
Amendments to GST regulations, such as allowing input tax credit on under-construction properties, can reduce costs for developers and end-users. Additionally, reducing the GST rate on cement from the current 28% to 18% would lower construction costs, thereby promoting growth in the housing sector.
Infrastructure development should remain a priority, with increased budgetary allocations for urban renewal projects and connectivity initiatives. The previous year's capital expenditure saw a significant increase, and a similar push this year could accelerate growth, particularly in tier 2 and 3 cities.
Lastly, fostering private investments through Alternative Investment Funds (AIFs) and offering tax incentives to institutional investors will ensure liquidity and enable ambitious projects.
We hope the upcoming budget takes these transformative steps, empowering real estate to remain a cornerstone of India’s growth story."
Budget 2025 expectations LIVE: Budget should make home loans more accessible, BRIC-X founder says
Budget 2025 expectations LIVE: Sher Singh Rathore, founder of BRIC-X INFRA Pvt. Ltd said, “As India continues facing urbanization and increased demand for housing, the real estate sector awaits more incentives from the 2025 Union Budget to fuel growth. Affordable housing, infrastructure development, and sustainability remain key expectations. The industry will benefit from the continuance of tax advantages for low-cost house developers, and there could also be additional funding for schemes like Pradhan Mantri Awas Yojana, and PMAY, which would remain a core initiative to fill up the country's housing deficit.
We expect the government to introduce measures to make home loans more accessible, especially to middle-income and first-time homebuyers as interest rates are stabilizing and inflationary pressures are expected to ease. The sector expects direct support through rebates under income tax or reduced GST rates on residential properties further nudging home ownership.
Other critical expectation areas include encouraging eco-friendly and sustainable building practices. The Budget is expected to outline tax incentives to developers, incorporating eco-friendly technologies such as energy-efficient designs and materials. Simplifying regulating processes alongside incentives to redevelop old, underutilized properties would spur city regeneration and renewal.
We expect the 2025 Budget to continue with the initiatives from the previous year and to further continue creating an environment geared towards affordable housing and sustainable development as well as modernization in India’s real estate.”
