The Union Budget 2025-26 outlines India’s economic roadmap, balancing fiscal prudence with growth-driven investments. Key areas of focus include infrastructure, taxation reforms, digital economy, and sustainability. Increased capital expenditure supports long-term growth, while taxation changes aim to enhance compliance and ease of business. The budget also prioritizes healthcare, education, and social welfare, ensuring inclusive development. With a strong emphasis on technology, green energy, and rural empowerment, this budget sets the stage for a resilient and forward-looking economy. Experts across industries share their perspectives on the budget’s impact.
Surajit Chakrabartty, CFO, MedGenome
“The Union Budget 2025 takes significant strides in advancing India’s healthcare, with key initiatives such as expanding medical education, strengthening healthcare infrastructure through public-private partnerships, and establishing Centres of Excellence for AI in health. The creation of daycare cancer centers aligns with MedGenome's mission of promoting preventive healthcare and early cancer detection. The budget’s focus on infrastructure, innovation, and research investments will drive advancements in diagnostics and treatments for critical diseases. Additionally, the regulatory measures introduced are expected to foster growth and innovation, particularly in the genomics sector, propelling India’s healthcare landscape forward.”
Dr.Kapil Garg, Managing Director of Asian Energy Services Limited, highlights key provisions for the manufacturing and infrastructure sectors, particularly the investment in urea production capacity in Assam and the expansion of waterway and canal infrastructure. These initiatives, alongside duty exemptions for critical minerals and energy reforms, position India for long-term energy security and industrial growth.
With a focus on boosting MSMEs, improving logistics, and incentivizing energy storage, the budget creates a solid foundation for a more resilient and self-reliant economy. The combined focus on healthcare innovation, energy efficiency, and infrastructure development sets the stage for inclusive, sustainable growth.
Abhishek Sinha, Founder of GoodDot, highlights tax relief and export initiatives that will boost consumption and enhance India’s global competitiveness. However, he emphasizes the need for greater support for plant-based food industries, proposing policies to boost the growth of sustainable, high-protein ingredients to align with environmental goals.
Punit Pandey, founder of AstroSage AI
The government's commitment to deeptech and startups is a transformative step toward making India a global hub for innovation. By fostering AI-driven enterprises and ensuring access to capital, we are creating an ecosystem where cutting-edge technology can thrive and shape the future. By investing in deeptech and startups, the government is fueling India’s transition from a tech consumer to a tech creator. This is a defining moment for AI-driven innovation. The Union Budget 2025 marks a defining moment for AI and deeptech in India. With the Centre of Excellence for AI, we are paving the way for a smarter, AI-driven future in education and innovation.The Union Budget 2025 marks a transformative era for AI and deeptech startups in India. With dedicated funding, tax incentives, and reduced import duties on AI hardware, the government has laid a strong foundation for innovation-driven growth. These initiatives will enable startups to scale faster, invest in cutting-edge R&D, and contribute to India's vision of becoming a global AI powerhouse. As a deeptech entrepreneur, I see this as a decisive step towards making India not just a consumer of AI but a creator of groundbreaking AI technologies.
Mr Praveen Grover, Vice President and Managing Director, AHEAD.
'We commend the government’s continued focus on skilling and employment through the establishment of five National Centres of Excellence for skilling, backed by global expertise and industry collaboration. This initiative aligns well with the need for a future-ready workforce, ensuring that skilling programs are both industry-relevant and globally competitive. Additionally, the expansion of the PM Research Fellowship scheme to support 10,000 fellowships in IITs and IISc is a significant step towards strengthening India’s technological research ecosystem. At AHEAD, we remain committed to supporting these national efforts by expanding employment opportunities and fostering skill development through our own initiatives. We look forward to playing an active role in this journey, contributing to the nation’s employment growth and digital transformation.'
Utkarsh Singh, Co-Founder & CEO of BatX Energies.
"We applaud the Union Budget 2025 for its transformative policies to reduce import dependency and foster Aatmanirbhar Bharat through the domestic recycling of lithium-ion battery scrap. By enabling the import and low-cost processing of lithium-ion battery scrap, the government has paved the way for India to become self-reliant in critical materials production. This move will not only bolster the EV and renewable energy sectors but also position India as a global leader in the circular economy.
The announcement aligns perfectly with the 'Make in India' initiative and the recently approved Critical Mineral Mission, reinforcing the nation’s commitment to securing a sustainable and resilient supply chain for critical materials. At BatX Energies, we remain dedicated to building a sustainable future by extracting valuable resources from battery waste and driving the vision of Aatmanirbhar Bharat forward."
Abhi Sinha, Co-Founder, HealSpan The 2025 Budget highlights a progressive approach to healthcare and insurance technology, reinforcing the need for digital transformation in the sector. At HealSpan, we applaud the government’s focus on expanding health coverage, AI-driven diagnostics, and interoperability of medical records. The push for insurtech innovation and greater accessibility to affordable policies will empower millions. Strengthening data security frameworks will also ensure patient trust in digital healthcare solutions. This budget paves the way for a more inclusive, tech-enabled ecosystem, and we remain committed to leveraging these advancements to enhance seamless, efficient, and personalized healthcare experiences for all.
Alison Barrett MBE, Country Director India, British Council, highlights the government’s focus on education and skilling, including five National Centres of Excellence, IIT expansions, and AI-driven learning initiatives. She commends efforts toward inclusive education and regional language preservation through the Bharatiya Bhasha Pushtak scheme.
Archana Jahagirdar, Founder & Managing Partner of Rukam Capital, sees the INR 10,000 Cr infusion through FFS and increased credit access for startups as a game-changer, strengthening India’s venture capital ecosystem and entrepreneurial growth.
Sanjay Nayar, President, ASSOCHAM and Founder & Chairman, Sorin Investment, lauds the budget’s focus on infrastructure, investment, skilling, and ease of doing business. He believes tax reforms and MSME support will bolster India’s manufacturing and startup ecosystem.
Prashanth Prakash, Founding Partner, Accel India, emphasizes the government’s push for infrastructure, green growth, and digital innovation. He sees the increased corpus of INR 10,000 Cr and tax incentives as critical enablers for a thriving entrepreneurial landscape.
Ninad Karandikar, Co-founder of Stance Health, welcomes the budget’s focus on healthcare, including 10,000 new medical seats and exemptions on lifesaving medicines. He highlights the importance of setting up Day Care Cancer Centres and suggests a similar model for musculoskeletal (MSK) care to improve accessibility. Karandikar also advocates for integrating AI-powered diagnostics and rehabilitation tools into primary care to enhance musculoskeletal health services.
Eswara Rao Nandam, CEO and Founder of Polymatech Electronics, commends the government’s focus on empowering MSMEs and driving technological upgradation. He sees the enhanced credit facilities and increased investment limits as a means to scale businesses efficiently, particularly in sectors like opto-semiconductors, 5G, and LED lighting solutions.
Mr. Behram Khodaiji, CEO, Ruby Hall Clinic Pune, commends the government’s healthcare initiatives, particularly in cancer care. The establishment of daycare cancer centers and reduction in treatment costs through exemptions on life-saving drugs will make critical care more accessible. He also emphasizes the importance of ensuring these centers are equipped with advanced technology and skilled professionals. Additionally, he highlights the government’s efforts to strengthen India’s position as a global healthcare destination through the 'heal in India' initiative and investment in medical tourism.
Nirmit Parikh, Founder & CEO, apna.co, applauds the budget’s recognition of MSMEs and SMBs as essential growth drivers. He notes that initiatives such as enhanced credit guarantee, higher investment limits for MSMEs, and streamlined compliance will address key challenges and stimulate business growth. Parikh also highlights the significant role of AI in recruitment and skill development, further aligning with the budget’s emphasis on workforce future-proofing.
Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd., hails the budget’s game-changing reforms for urban growth, especially the ₹15,000 Cr SWAMIH Fund 2 for stalled housing projects and the ₹1 lakh crore Urban Challenge Fund. He also praises the direct tax reform, which exempts income up to ₹12 lakh, significantly boosting disposable income and housing demand.
Dhruvil Sanghvi, CEO of LogiNext, welcomes the proposal to convert India Post into a large public logistics organization, as well as the support for MSMEs. He believes these measures will boost India’s logistics capabilities and entrepreneurship, positioning India as a global logistics and manufacturing leader.
Mr. Pavan Choudary, Chairman, Medical Technology Association of India (MTaI), supports the government’s target of exporting 300,000 healthcare workers per annum. He sees the establishment of five large skill development projects, including healthcare skilling, as a coherent step toward achieving this objective. Additionally, he praises the government's initiative to simplify visa procedures for patients seeking treatment in India, which will further enhance the country’s medical tourism sector and expand the healthcare market.
Mr. Edul Patel, CEO and Co-founder of Mudrex, praises the introduction of Digital Public Infrastructure (DPI) for international trade. He notes that DPI will streamline processes, reduce paperwork, and enhance transparency, particularly benefiting MSMEs by offering better access to credit through real-time risk assessments. This initiative aligns with India’s "Digital India" vision and is expected to boost the ease of doing business, attract foreign investments, and strengthen a secure, efficient trade ecosystem.
Mr. Tarun Gupta, Co-Founder at LISSUN, highlights the budget's positive steps toward addressing healthcare needs, especially with the expansion of medical education and the creation of cancer centers. He emphasizes the importance of integrating mental health into primary healthcare and ensuring insurance coverage for mental health, which will contribute to improving accessibility and care in the sector.
Ms. Manveen Ssharma, Founder, Pinq Polka, expresses her gratitude for the ₹10,000 crore ‘Women Entrepreneurship Fund,’ a game-changer for women-led businesses, along with the ₹100 million credit guarantee for SMEs and the extension of the Mahila Samman Savings Scheme, all of which will empower women entrepreneurs and drive financial independence.
Dr. Apurba Ganguly, Founder, Chairman & Chief Scientist Officer - Nano Phyto Care & bioGAN
The 2025 Budget underscores the government’s commitment to strengthening healthcare infrastructure and accessibility. At VarcoLegCare, we welcome the increased allocation towards digital health initiatives, preventive care, and medical R&D. These measures will enhance patient outcomes and drive innovation in the sector. The emphasis on public-private partnerships aligns with our mission to deliver advanced, patient-centric solutions. We remain dedicated to leveraging these opportunities to expand quality healthcare access, particularly in underserved areas. This budget is a step forward in building a resilient, technology-driven healthcare ecosystem for a healthier future.
Dr. Sheetal Jindal- MBBS, MD OBG, EPHM (IIM Kolkata) Senior Consultant and Medical Director_Director at Medical Genetics Program_Jindal IVF Chandigarh
"As India moves towards a more inclusive and accessible healthcare system, the 2025-26 Union Budget introduces several positive initiatives, including the expansion of medical education and the establishment of 200 cancer centres. These measures are a significant step forward in enhancing healthcare infrastructure. However, we at Jindal IVF were hoping for greater attention to reproductive health, particularly fertility treatments like IVF. Affordability continues to be a barrier, especially in smaller cities, and tax incentives or subsidies for assisted reproductive technologies could have made a real difference in easing this financial strain. Additionally, extending insurance coverage to include multiple IVF cycles, which many patients require, remains an area that still needs further consideration. While the government’s efforts to expand healthcare access are commendable, we hope that future budgets will also prioritize reproductive health, ensuring that every family has the opportunity to grow and thrive."
Akshat Jain, CEO of KLK Ventures
The government's allocation of ₹1,500 crore to the solar power grid segment in the 2025 budget is a commendable step towards a sustainable future. This investment not only accelerates our transition to renewable energy but also underscores the nation's commitment to environmental stewardship. At KLK Ventures, we are inspired by this initiative and remain dedicated to pioneering innovative solar solutions that align with India's green energy goals.
Rashmi Ghatge, Director of ParamYoga, praises the budget’s focus on education, wellness, and holistic development. Investments in education, such as Atal Tinkering Labs and Centres of Excellence, and an increased focus on yoga and fitness programs, promise to equip the future generation with essential skills and promote mental and physical health. This comprehensive approach lays the foundation for a healthier, more educated India.
Mr. Vikas Garg, Joint Managing Director, Ganga Realty
The Union Budget 2025 significantly boosts the real estate sector, especially for homebuyers. The tax exemption up to ₹12 lakh enhances affordability and demand. The ₹15,000 crore SWAMIH Fund 2 will aid project completion and revive stalled developments. These measures strengthen buyer confidence and sector growth. Ganga Realty is committed to supporting this momentum and delivering quality homes.
Mr. Saransh Trehan, Managing Director, Trehan GroupThe tax relief up to ₹12 lakh is a major win for first-time homebuyers, increasing disposable income and housing demand. The government’s focus on affordable housing is commendable, but industry status and streamlined approvals remain unaddressed. These reforms are essential for faster project execution. Despite this, the sector will benefit from renewed buyer confidence and economic growth.
Mr. Dheeraj Arora, Managing Director & CEO, Hygienic Research Institute, Pvt. Ltd says, “The Union Budget 2025 presents a clear roadmap for revival and growth in the FMCG sector. With income tax relief aimed at enhancing disposable income, we anticipate a surge in consumption, which will directly accelerate demand. The government's strategic initiatives, including reduced tariffs and easier credit access, are designed to streamline supply chains and lower input costs. Additionally, customs simplifications and the National Manufacturing Mission will boost domestic production, fostering innovation and competitiveness. These measures lay a strong foundation for innovation and competitiveness, paving the way for sustained growth.”
Mr. Satyen Momaya, CEO, Celio India says, “Prima facie the Union Budget 2025-2026 sets the stage for a stronger resilient economy , the current biggest challenge is the slowdown of the pvt consumption, the tax change for the salaried class could positively benefit the middle class to some extent also the budget outlines various initiatives to make tax compliance easier for businesses. The thrust on infrastructure & green growth and sustainability thrust outlined in the budget could be very positive specially for the long-term growth of the country.”
Mr Gautam Madhavan, Founder & CEO of Mad Group applauds the 2025 union budget as proof of the government’s commitment to entrepreneurship and innovation. Key measures include an additional ₹10,000 crore for the Fund of Funds for Startups, increased credit guarantees up to ₹20 crore, and extended tax benefits for startups until 2030, ensuring financial stability and growth. Tax reforms, including TDS rationalization and revised slabs, simplify compliance and boost disposable income. Provisions for tax certainty on Alternative Investment Funds (AIFs) and startup investments enhance investor confidence. The proposed Deep Tech Fund promises advancements in AI, robotics, and clean energy. Overall, the budget strengthens India’s position as a global startup hub, fostering economic growth and innovation.
Dr Saarthak Bakshi, Healthcare Entrepreneur and CEO of RISAA IVF welcomes the budget’s health-focused approach which aims to add 10,000 new medical seats and daycare cancer centers in district hospitals, addressing workforce shortages and improving cancer care. Customs duty exemptions on life-saving drugs make essential treatments more affordable. Strengthened nutritional programs like Saksham Anganwadi and Poshan 2.0 will benefit vulnerable populations. The push for medical tourism enhances India’s global healthcare presence. While the budget is a positive step, continued investment in facilities, training, and accessibility remains crucial for long-term impact.
Mr. Samir Jasuja, Founder and CEO of PropEquity (India’s largest real-estate data and analytics company): highlights how the budget emphasizes infrastructure growth through PPP projects, interest-free loans to states for capital expenditure, and an Urban Challenge Fund of ₹1 lakh crore for urban rejuvenation, which is expected to boost real estate activity in metro and tier-2 cities. The new tax regime’s exemption for incomes up to ₹12 lakh is likely to drive consumption and housing demand. The all-new SWAMIH 2.0, with ₹15,000 crore allocated to complete 1 lakh stalled housing units, is a positive step but may be insufficient given that 5.08 lakh units across 42 cities are currently stalled. Experts suggest a streamlined mechanism to enable larger developers to take over and complete these stalled projects. According to PropEquity, 1,636 stalled projects (4.31 lakh units) are in tier-1 cities, while 345 projects (76,256 units) are in tier-2 cities.
Mr Peush Jain, MD-Commercial Leasing and Advisory, Anarock Group appreciates the 2025 budget
The Budget 2025-26 introduces a national framework to guide states in promoting Global Capability Centres (GCCs) in tier-2 cities, focusing on talent availability, infrastructure, and building bylaws. GCCs are driving office space demand, and this initiative, along with infrastructure improvements, will enhance India’s position as a GCC hub. The move is expected to boost employment, attract national developers, and support office sector growth, with record leasing activity led by GCCs. Anarock reports that developers are currently building 25-30 million square feet of office space to meet corporate demand.
Mr Ankur Jalan, CEO, of Golden Growth Fund (GGF), a category II Real Estate focussed Alternative Investment Fund (AIF) emphasizes the need for rapid development in the next two decades to become a $30 trillion economy by 2047. The budget proposed an income tax exemption of up to ₹12 lakh, boosting consumption and savings. This will drive investments across asset classes, including AIFs and real estate, stimulating economic growth. Increased savings will also enable greater government investment in capital expenditure, further accelerating development.
Mr. Garvit Tiwari, Director & Co-Founder, InfraMantra, Gurugram-based property consulting firm. Welcomes the budget and considers as a revolutionary move. The exemption of tax on income up to ₹12 lakh is a significant move, especially in the context of falling consumption and rising inflation, and is expected to stimulate increased consumption, particularly in discretionary spending. This will also drive demand for homes, which had been declining due to rising prices. The Budget’s focus on urban rejuvenation and infrastructure development will further boost housing supply and sales, building on the positive impact of recent infrastructure growth in Indian cities.
Atul Shinghal, Founder and CEO, of Scripbox, consider this budget as a balanced approach to growth and fiscal prudence for sustained economic momentum. Measures to increase household income will drive consumer spending, while a focus on infrastructure, urban planning, and trade facilitation will boost connectivity and economic activity. The budget maintains fiscal responsibility while promoting growth, and ensuring long-term macroeconomic stability. Incentives in clean energy, manufacturing, and logistics position India as a global supply chain leader, supporting sustainable industrial growth. Overall, the budget highlights the government’s commitment to building a resilient, competitive, and high-growth economy.
Rohit Agarwal, CEO & Co-Founder, Biz2Credit & Biz2X sheds light on the recent economic survey highlighted concerns about the widening credit gap and slowed credit disbursal, particularly to MSMEs and the services sector. The Union Budget aims to address these issues with policies that support credit uptake and capacity building. Notable initiatives include short-term loans for 7.7 crore farmers, fishermen, and dairy units, credit cards for 10 lakh micro-enterprises with a ₹5 lakh limit, revised credit guarantees, and linking UPI with the PM SVANidhi scheme. These measures are designed to help MSMEs thrive, survive, and grow in a challenging global market, bolstering the rural economy and supporting overall economic resilience.
Smita Tiwari, Co-Founder at Articlad applauds the budget’s focus on improving logistics infrastructure, with investments in multimodal parks expected to lower transportation costs and enhance market access for the construction materials sector. The push for PLI schemes and infrastructure growth offers a positive long-term outlook for construction materials demand. However, the Budget does not include direct measures to protect or promote domestic manufacturing in the construction sector, particularly in response to rising imports of cement-based products. Targeted relief, such as higher tariffs on imports or incentives for local producers, would have further supported in-house manufacturing.
Dr. Dhruv Galgotia, CEO, Galgotias University explains how the budget takes a deep understanding of socio-economic challenges and provides solutions to address them. Notably, the Finance Minister emphasized education as a key pillar for Viksit Bharat, with policies like the establishment of 50,000 Atal tinkering labs, a Centre of Excellence for AI in education with ₹500 crore funding, and IIT capacity expansion. Additionally, the removal of TCS on remittances under LRS for education-related expenses, particularly those financed by loans, is a significant relief for students relying on financial assistance, addressing a key challenge.
Deepak Agarwal, Co-Founder, MoneyBoxx welcomes the budget as it focuses on three key areas for MSMEs: improved credit and finance, integration with global standards, and incentivizing growth. Initiatives like credit cards for micro-enterprises and term loans of up to ₹2 crore for first-time entrepreneurs are expected to encourage more participation in the MSME sector. The Budget also emphasizes clean-tech manufacturing, a climate-friendly vision, and aligning MSMEs with global policies. Notable initiatives such as BharatTradeNet and non-tariff-based promotion measures for MSMEs are commendable, helping integrate them with global standards.
Mayur Modi, Co-Founder, of MoneyBoxx commends the budget’s focus on boosting farm revenue, despite global trends suggesting a decline in agricultural commodity prices. It supports agriculture through both direct and indirect measures. Direct initiatives include the PM-Dhan-Dhaanya Krishi Yojana, covering 100 districts, short-term loans, a cotton productivity mission, and leveraging India Post to stimulate the rural economy. Indirectly, taxation and corporate policies aim to enhance exports and domestic consumption, providing additional value to the farm sector. These measures are designed to support the Indian agriculturists amidst global uncertainties.
Mr. Adarsh Narahari- Founder and Managing Director of Primus Senior Living explains how the Budget places emphasis on youth, women, and the middle class but has limited focus on addressing the needs of India’s rapidly growing senior population. However, the government’s decision to create a dedicated forum for regulatory coordination and pension product development is a positive step towards ensuring financial security for seniors. The Finance Minister’s move to double the TDS threshold on interest income for senior citizens from ₹50,000 to ₹1 lakh is also commendable. A reverse mortgage policy could have been a game-changer, offering liquidity and financial independence to seniors. While these measures show progress, there is a need for a more comprehensive approach to support active ageing, health, and financial empowerment. Incentives for senior living housing, healthcare innovations, and community-driven eldercare solutions are essential for helping seniors lead dignified, independent, and fulfilling lives.
Simran Lalwani, Creative Director, Ostilos considers this budget to focus on strengthening MSMEs and boosting cotton productivity, the textile and fashion industry is set for a transformative shift. A steady supply of high-quality cotton will elevate the craftsmanship of homegrown brands, ensuring better fabrics, sustainability, and global competitiveness. With these reforms, the future looks promising for Indian craftsmanship on the global stage."
Sonica Aron, Founder and CEO, Marching Sheep (HR Sector): Sonica Aron praises the Union Budget 2025-26 for its people-centric approach, highlighting the tax relief for salaried professionals with zero income tax up to ₹12 lakh. She also commends the establishment of five national skilling centres to enhance the Indian workforce’s capabilities in AI, ML, and renewable energy, aligning with the country’s global competitiveness. The budget’s focus on increasing financial independence for individuals and businesses is seen as crucial for sustaining economic growth.
Mr. Praneet Mungali, Educationist and Trustee, Sanskriti Group of Schools (Education Sector): Praneet Mungali appreciates the budget’s emphasis on innovation, particularly through the expansion of Atal Tinkering Labs and enhanced STEM infrastructure for AI learning. He believes these measures will help India stay ahead in emerging technologies like AI and quantum computing, which are essential for the country’s development and progress toward becoming a developed nation.
Dr. Sujit Paul, Group CEO, Zota Healthcare Ltd. (Healthcare Sector): Dr. Sujit Paul highlights the budget’s strong focus on healthcare, with reforms in cancer care, generics, and medical education. He points out the exemption of customs duties on medicines, which will lower costs for patients. The establishment of daycare cancer centres across district hospitals and an increase in medical seats are seen as important steps toward inclusive and affordable healthcare.
Dr. Sameer Bhati, Director of Star Imaging and Path Lab Pvt. Ltd. (Healthcare Sector): Dr. Sameer Bhati also praises the budget’s focus on healthcare, especially the creation of daycare cancer centres in district hospitals, which will improve early diagnosis and treatment. He notes the exemption of life-saving drugs from customs duties, making treatment more affordable. The strengthening of medical tourism under the 'Heal in India' initiative is seen as a step toward making India a global healthcare destination. The budget’s focus on accessibility, affordability, and innovation is viewed as a positive move for public health.
Shruti Swaroop, Founder of Embrace Consulting (HR Sector): Shruti Swaroop lauds the 2025 Budget for its financial empowerment measures, particularly the tax relief for income up to ₹12 lakh. She also highlights the creation of five national skilling centres with global expertise, which will enhance India’s workforce capabilities, especially in emerging sectors like AI, ML, and renewable energy, contributing to global competitiveness and economic growth.
Rohit Mahajan, Managing Partner & Founder, plutosONE (Fintech Startup): Rohit Mahajan commends the 2025 Budget for establishing a Fund of Funds with ₹10,000 crore to support startups, especially first-time women, SC, and ST entrepreneurs. This initiative is seen as fostering inclusivity and diversity in India's startup ecosystem, enabling innovation and scaling across the nation.
Mr. Mukesh Pandey, Director of Rupyaa Paisa (MSME Sector): Mukesh Pandey highlights the budget's support for MSMEs, including the doubling of credit guarantees to ₹10 crore and expanded investment limits, which will generate significant credit and enhance MSME growth. He also notes the introduction of customized credit cards and the Fund of Funds, which will improve access to capital and strengthen India’s manufacturing sector.
Shashank Avadhani, Co-founder & CEO, Alyve Health (Healthcare Sector): Shashank Avadhani welcomes the budget’s focus on healthcare, particularly the promotion of medical tourism, the exemption of life-saving drugs from customs duties, and the inclusion of gig workers in the PM Jan Arogya Yojana. He also praises the increased funding for mental health initiatives and the National Health Mission, which aim to improve healthcare accessibility and inclusivity.
Capital-A (Clean Tech Manufacturing): Capital-A applauds the budget's push for Clean Tech Manufacturing, particularly in solar PV cells, EV batteries, and energy storage solutions, which align with India’s climate goals. They urge for deeper incentives for R&D, faster commercialization, and better integration with global sustainability markets to establish India as a leader in climate tech.
Indusface (Cybersecurity): Indusface stresses the importance of cybersecurity in the 2025 Budget, noting the rise in cyberattacks. They call for more focused resources and policies to strengthen the nation's cybersecurity framework, ensuring that digital transformation is secure and resilient as the country advances technologically.
Girish Rowjee, Co-founder & CEO, greytHR (HR Sector)appreciates the 2025 Budget's focus on MSME reforms, AI development, and tax relief, particularly the removal of income tax up to ₹12 lakh. He sees the budget as a catalyst for entrepreneurship and innovation, positioning India as a global hub for talent. He also emphasizes the role of HR tech in simplifying compliance and supporting businesses in this evolving landscape.
Ms. Sukriti Menidratta, Founder, Panda's Box explains how the Union Budget 2025 includes several key initiatives that benefit both the toy manufacturing and healthcare sectors.
For the toy industry, the budget’s focus on transforming India into a toy manufacturing powerhouse presents opportunities for innovation. Brands like Panda's Box, which aim to incorporate cultural heritage and sustainability, can leverage this shift to offer meaningful, culturally-rooted toys.
In healthcare, several notable measures include:
1. Establishment of 200 day-care cancer centres in district hospitals by 2025-2026 to address the rising cancer burden.
2. Exemption from custom duties on 36 life-saving drugs, including for cancer and rare diseases, to reduce costs.
3. Expansion of medical education with 10,000 additional medical seats and an aim to add 75,000 seats over the next five years.
4. Promotion of medical tourism and collaboration with the private sector to attract international patients.
5. Allocation of 500 crores for AI development in healthcare and education.
6. Enhancement of nutrition programs like Poshan Abhiyan to combat malnutrition, especially in underserved areas.
7. Improved broadband connectivity to primary health centres to facilitate telemedicine, especially for rural areas.
Overall, the budget is seen as middle-class friendly with a focus on improving healthcare infrastructure and services.
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Pallav Bihani, Founder of Boldfit, expresses optimism about the 2025 budget, particularly its focus on infrastructure development and capital investments of ₹11.11 trillion. He highlights the reduction in customs duties on critical materials, which benefits brands like Boldfit by enabling access to more sustainable materials without increasing costs. While he wishes for more direct incentives for the fitness and wellness sector
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Dr. Jyoti Kapoor, Founder & Director of Manasthali Wellness, expresses gratitude for the government's commitment to making healthcare more affordable and comprehensive. She highlights the establishment of an AI Centre of Excellence for Healthcare, which will enhance patient care, including in mental health through early detection, personalized care, and efficient management. The creation of 10,000 additional medical seats is crucial in addressing the shortage of healthcare professionals, especially mental health specialists. Additionally, expanding broadband access for telemedicine in rural areas will bridge the healthcare divide, ensuring wider access to mental health support. Dr. Kapoor emphasizes that these initiatives will improve both physical and mental healthcare, making them more accessible and integrated.
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Mr. Vineet Mittal, Chairman of Avaada Group, praises the Union Budget 2025 for its transformative vision, highlighting its focus on infrastructure, manufacturing, and power as key drivers of India's growth. He emphasizes the ₹1.5 lakh crore investment in long-term infrastructure and the ₹1 lakh crore Urban Challenge Fund, which will support urban modernization and economic resilience. The budget’s initiatives to promote global manufacturing clusters and clean tech advancements position India as an industrial powerhouse. In the power sector, reforms like the Nuclear Energy Mission and inter-state efficiencies support a low-carbon future. The ₹20,000 crore allocation for innovation in collaboration with the private sector will advance renewables, green hydrogen, and manufacturing. Mittal expresses Avaada's commitment to supporting these reforms for sustainable development and inclusive prosperity.
Dr. Issac Mathai, Founder Chairman & Medical Director, SOUKYA International Holistic Health Center offering his insights and perspectives on its impact. Sees this budget as leap in buliding a healthier India. The budget emphasizes nation-building with a strong focus on healthcare. The Heal in India initiative, supported by public-private partnerships, aims to improve medical infrastructure and boost India's position in medical tourism. The UDAAN scheme enhances connectivity, while the expansion of medical education and broadband access to Primary Health Centers (PHCs) strengthens healthcare delivery. Additionally, programs like Saksham Anganwadi and Poshan 2.0 address the nutritional needs of women and children, promoting their well-being. These measures collectively contribute to a healthier and more connected India.
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Divyesh Savaliya, Chairman & MD, Onix Renewable Limited looks at this budget which prioritizes self-reliance in renewable energy, aiming for 500 GW of non-fossil fuel energy by 2030. Emphasizing domestic production, it supports solar PV cells, EV batteries, motors, and controllers to reduce imports and boost clean technology manufacturing. The National Manufacturing Mission enhances EV battery and solar panel production, improving cost efficiency, supply chain resilience, and global competitiveness. By promoting innovation and investment, these initiatives will accelerate renewable energy adoption, strengthen energy security, and help India achieve its net-zero goals.
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Pankaj Prakash Sharma, Founder and CEO, Happa Foods welcomes the budget as it supports MSMEs, startups, and agriculture, benefiting the food processing industry. Increased credit guarantees and an expanded Fund of Funds will help startups like Happa Foods scale and go global. Investments in high-yield seeds and the Comprehensive Programme for Vegetables & Fruits will enhance supply chains and raw material quality. The Export Promotion Mission and BharatTradeNet improve global market access, while cold chain and warehousing investments boost food safety and reduce wastage. With a strong focus on nutrition and food security, the budget strengthens India’s role as a global food hub.
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By Mr. Raj Gore, CEO, Healthcare Global Enterprises Limited & Lead FICCI Cancer task force considers the buget as a very essential as it introduces key initiatives to improve cancer care in India. A full customs duty exemption on 36 life-saving drugs, including cancer medications, will reduce treatment costs and ease financial burdens. The establishment of 200 daycare cancer centers in district hospitals by FY 2025-26 will enhance accessibility, particularly in rural areas. The Heal in India initiative promotes medical tourism, while the addition of 10,000 UG and PG medical seats next year aims to address the shortage of healthcare professionals. These measures strengthen cancer care infrastructure, lower costs, and reinforce India’s position as a global healthcare leader.
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Pharmaceuticals Sector
Dr. Malini Saba, Businesswoman, Human Rights Activist, Founder of Saba Group & Anannke Foundation, says how the budget introduces key measures to make healthcare more accessible and affordable. It exempts 36 life-saving medicines, including those for cancer and chronic conditions, from basic customs duty, reducing treatment costs. Additionally, six medicines will benefit from a concessional customs duty of 5%, and bulk drugs for manufacturing these medicines will also be exempt. The full exemption of patient assistance programs from customs duty will further ensure access to essential medicines for those in need. These steps highlight the government’s commitment to improving healthcare accessibility and reducing the financial burden on patients across India.
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Education Sector
Dr. Malini Saba, Human & Social Rights Activist & Founder, Anannke Foundation, sheds light on the budget as it focuses on enhancing education, innovation, and healthcare in India. Establishing Atal Tinkering Labs in 50,000 government schools will encourage scientific thinking and innovation among students. Expanding broadband connectivity to all government schools bridges the digital divide, providing greater access to learning tools, especially in remote areas. The budget also invests in medical education by adding 10,000 medical seats this year, with a goal of 75,000 over five years, addressing the growing demand for healthcare professionals. These initiatives aim to empower students, foster innovation, and strengthen healthcare, contributing to India's long-term development and prosperity.
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Environment & Climate
Dr. Malini Saba, Environmentalist, Former Chairman of Saba Group & Founder & Chairwoman of Anannke Foundation, welcomes the budget as it sets aside ₹1 lakh crore Urban Challenge Fund aims to build smarter, more sustainable cities by improving infrastructure, including water and sanitation, enhancing urban quality of life, and fostering innovation. The budget also focuses on simplifying business compliance and rationalizing taxes, empowering businesses to grow sustainably while encouraging investment. Tax reforms benefit the middle class, promoting inclusive and balanced development. Overall, the budget demonstrates a commitment to long-term sustainability, economic growth, and environmental responsibility, with the potential to create lasting positive change in India’s urban spaces.
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Women, Startups, Human Resources, and Entrepreneurship
Dr. Malini Saba, Businesswoman, Philanthropist, Human Rights Activist, and Founder of Saba Group & Anannke Foundation, welcomes the budget as it empowers India’s youth, women, and entrepreneurs through key initiatives. Strengthening the food processing sector, including the establishment of the National Institute of Food Technology in Bihar, boosts the economy and creates new opportunities. Programs like Sashakt Anganwadi and Poshan 2.0 improve nutrition, especially for women and children. The decriminalization of legal provisions under the Jan Vishwas Act benefits women entrepreneurs by reducing regulatory barriers. The development of Global Capability Centers in Tier-2 cities fosters inclusive growth, while reduced customs duties on critical minerals support innovation in manufacturing. This budget paves the way for inclusive progress.
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Philanthropy & CSR
Dr. Malini Saba, Philanthropist and Founder of the Anannke Foundation, tells how the budget prioritizes corporate social responsibility (CSR) by focusing on the needs of underprivileged communities, especially women, children, and rural populations. With a strong emphasis on nutrition, healthcare, education, and skill development, the budget creates opportunities for businesses to engage in impactful social initiatives. It encourages companies to align their CSR efforts with national development goals, empowering marginalized communities and fostering inclusive growth. The budget calls for businesses to invest in a more equitable and sustainable future, moving beyond profit-making to make a tangible difference in people's lives.
Tourism
Dr. Malini Saba, Businesswoman, Founder & Ex-chairman of Saba Group & Founder of Anannke Foundation, considers the budget to be visionary approach to enhancing India’s tourism sector. The development of 50 top tourist destinations in partnership with state governments will improve infrastructure and create jobs, boosting local economies. Visa fee waivers and expanded e-visa options will make India more accessible to international visitors, increasing its global appeal. MUDRA loans for homestays will empower local entrepreneurs and highlight India’s cultural diversity, fostering authentic tourism experiences. These initiatives reflect the government’s commitment to inclusive growth, positioning tourism as a key driver of the economy. The growing contribution of tourism to India’s GDP signals the sector's potential for future success.
Healthcare & Mental Health
Dr. Malini Saba, Psychologist, Human Rights Activist, Founder of Anannke Foundation, considers it to be a significant move to improve for the healthcare sector, particularly benefiting gig workers. The extension of healthcare facilities under the PM Jan Aarogya Yojana (PM-JAY) will support nearly one crore gig workers. The plan to add 10,000 medical college seats next year and increase capacity by 75,000 over the next five years will strengthen healthcare infrastructure and address the growing demand for doctors. Additionally, enhancing broadband connectivity for primary healthcare centers and secondary schools will improve healthcare access in rural and remote areas. Overall, the budget focuses on both infrastructure and worker welfare, fostering a healthier and more inclusive future.
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Dr. Malini Saba, Businesswoman, Founder & Ex-Chairman, Saba Group, highlights the government’s commitment to enhancing India’s agricultural sector, crucial for the economy and rural livelihoods. The Agricultural District Programme under the Prime Minister Krishi Yojana targets 100 low-productivity districts, aiming to improve crop diversification, sustainable farming, post-harvest storage, and irrigation, benefiting 1.7 crore farmers. A six-year mission for self-reliance in pulses, with a focus on tur and masoor, seeks to reduce import dependence and strengthen food security. The budget also emphasizes better access to nutritious food through improved supply chains and cold storage infrastructure. The extension of Kisan Credit Cards to 7.7 crore farmers, alongside increased loan limits, will boost agricultural productivity. The creation of the Makhana Board in Bihar highlights efforts to enhance high-value crop production. Overall, the budget focuses on innovation, infrastructure, and financial support to foster inclusive agricultural growth and rural prosperity.
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Real-Estate Sector:
Dr. Malini Saba, Businesswoman, Founder & Ex-Chairman Saba Group welcomes the budget as it focuses on promoting Global Capability Centers (GCCs) in Tier-2 cities, enhancing regional economies through local talent and improved infrastructure. It aims to boost sectors like horticulture and agriculture by upgrading warehousing and air cargo logistics. The budget also provides tax relief for the middle class, removing income tax up to Rs. 12 lakhs and offering benefits for those earning up to Rs. 18 lakhs, increasing consumer spending and demand for real estate. Overall, the budget supports sustainable growth in real estate, with reforms, infrastructure investments, and tax benefits laying a strong foundation for economic progress.
Mr. Vineet Nanda, Director Sales & Marketing, Krisumi Corporation considers the budget 2025-26 introduces significant measures to boost demand and support the middle class, with a strong focus on the real estate sector. The tax exemption on income up to Rs 12 lakh will enhance spending power, while the Rs 15,000 crore SWAMIH Fund 2 aims to complete one lakh stalled housing projects, restoring buyer confidence. Additionally, allowing ownership of two self-occupied properties without extra tax conditions encourages investment in second homes. The Rs 1 lakh crore Urban Growth Hubs initiative will modernize cities and drive economic progress. Krisumi Corporation views these measures as transformative, strengthening the real estate market and fostering sustainable growth.
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Mr. Sahil Agarwal, CEO, Nimbus Group sees that the budget 2025-26 takes a balanced approach to economic growth, with a strong focus on infrastructure development and real estate revival. The government has reinforced its commitment to stalled housing projects by launching SWAMIH Fund 2, a ₹15,000 crore blended finance initiative to complete 1 lakh housing units, benefiting homebuyers and boosting the sector. Additionally, tax slab revisions increasing disposable income are expected to drive housing demand. By emphasizing connectivity, urban-rural infrastructure, and economic stimulus, the budget sets the stage for long-term stability and a resilient real estate market.
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Mr. Raoul Kapoor, Co-CEO, Andromeda Sales and Distribution Pvt Ltd welcome the Union Budget 2025-26 charts a path for accelerated economic growth while providing relief to the middle class through progressive tax reforms. Revised income tax slabs and reduced rates could save taxpayers up to ₹10,000 per month, increasing disposable income and enhancing loan affordability. This boost in savings will make homeownership and major investments more accessible while also driving demand in the retail loan sector, including housing, auto, and personal loans. The resulting financial confidence is expected to strengthen banks and NBFCs, further fueling economic growth.
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Eklavya Gupta, Co-Founder and CEO, considers finance Minister Nirmala Sitharaman’s budget sets to uploft India as a global investment hub, with transformative reforms in taxation, infrastructure, and fintech. The economy is on track to reach USD 7 trillion by 2030, making it a prime destination for investors. Key sectors like agritech, cleantech, digital lending, and smart urban infrastructure are emphasized as future growth drivers. The budget highlights India’s commitment to attracting foreign investment through initiatives like the Fund of Funds and public-private partnerships, fostering a sustainable and investor-friendly ecosystem.
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Dr. Sunil K Shekhawat, CEO of SanchiConnect welcomes the Union Budget 2025 as it allocates ₹20,000 crore to boost India's DeepTech sector, promoting private sector-led research, development, and innovation. Key focus areas include artificial intelligence, biotechnology, and advanced manufacturing. The government is also considering a DeepTech Fund to support next-generation startups, enhancing India's global innovation standing. These initiatives aim to provide patient capital, enabling startups to address complex challenges and drive economic growth. By prioritizing DeepTech, the budget highlights the government’s commitment to fostering technological breakthroughs and sustainable progress, creating a robust ecosystem for cutting-edge advancements and positioning India as a leader in innovation.
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Kirang Gandhi, a Pune-based financial mentor considers this budget as a bold steps towards Vikshit Bharat by balancing growth with fiscal prudence. With a 4.4% fiscal deficit target and ₹10.18 lakh crore in capital expenditure, it prioritizes economic expansion. The approval of 100% FDI in insurance attracts global investments, boosting competition and consumer benefits. Raising the tax-free income limit to ₹12 lakh enhances savings and middle-class spending. Key drivers like infrastructure, policy reforms, and capital infusion support job creation and business growth. More than just numbers, this budget serves as a strategic roadmap for a self-reliant and prosperous India.
Arijeet Talapatra, CEO at itel and Tecno welcomes the budget as it focuses on positioning India as a global hub for mobile manufacturing through tariff reductions on key assembly components, enhancing cost efficiency and local production. This supports the Make in India initiative and strengthens India's role in the global supply chain. The increase in the income tax exemption limit to ₹12 lakh boosts disposable income, driving higher consumer spending on electronics. Additionally, the establishment of five National Centres of Excellence for Skills aims to equip youth for global opportunities, aligning with the government's growth, investment, and gender-inclusive labour policies.
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Mr. Udit Jain, Director, One Group, sees the budget to be a visionary move as it outlines a comprehensive growth strategy focused on infrastructure development, urban reforms, and housing support. Key measures include Public-Private Partnerships (PPP), interest-free loans for states, and incentives for urban planning reforms, aimed at strengthening municipal services and optimizing land use. The revision of tax slabs and reduction in tax rates will provide significant relief to taxpayers, particularly the middle-income group, boosting disposable income and purchasing power. This financial relief is expected to drive demand for housing, benefiting the real estate and allied industries, thus fostering broader economic growth.
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Arijeet Talapatra, CEO of itel and Tecno, highlights the Union Budget 2025's focus on positioning India as a global mobile manufacturing hub. Tariff reductions on essential components will enhance cost efficiency, accelerate localization, and support the Make in India initiative, strengthening India's role in the global supply chain. The increase in the income tax exemption limit to ₹12 lakh will boost disposable income, leading to higher consumer spending on electronics and further growth in the industry. Additionally, the establishment of National Centres of Excellence for Skills will prepare youth for global opportunities, aligning with the government's goals of driving growth, investment, and female labour participation.
Vaibhav Gupta, Co-Founder & CPO, KlugKlu, seesmajor boost for startups and businesses, highlighting the ₹10 lakh crore capital expenditure allocation for infrastructure development. He appreciates the simplified tax structure and the ₹10,000 crore fund for MSMEs and startups, which will improve credit access. The focus on innovation through Centers of Excellence in AI and data analytics signals the government’s intent to position India as a tech leader. Additionally, extended tax benefits and reduced compliance burdens reinforce the budget’s potential to drive startup growth.
Abhinay Kumar Singh, Founder & MD, Adgcraft Communications, views the Budget 2025 as a commitment to strengthening the startup ecosystem, supporting the middle class, and advancing the 'Make in India' initiative. Key measures include enhanced credit guarantees and a new Fund of Funds for startups, along with a ₹12 lakh income tax exemption to boost disposable income. The National Manufacturing Mission and Clean Tech Manufacturing incentives support domestic production. Taxation reforms, such as streamlined TDS/TCS and a new income tax bill, simplify compliance and increase transparency. Overall, the budget lays a foundation for inclusive growth, benefiting startups, industries, and the middle class.
Shish Kharesiya, Founder & CEO, Baby & Mom Retail Pvt. Ltd the Union Budget 2025-26 as a strong push for MSMEs and startups. The enhanced credit guarantee scheme and new Fund of Funds will provide crucial capital support. The focus on 'Make in India' through the National Manufacturing Mission and clean tech initiatives will accelerate domestic production, benefiting brands like his. The revised income tax slabs, with relief up to ₹12 lakh, will boost middle-class disposable income and retail demand. Additionally, the introduction of a single portal for tax rebates simplifies compliance for MSMEs. Overall, the budget effectively balances entrepreneurship promotion, tax relief, and consumption growth, contributing to India's economic progress.
Shish Kharesiya sees the Union Budget 2025-26 as a strong boost for MSMEs and startups. Key highlights include enhanced credit support, a new Fund of Funds, and initiatives under 'Make in India' to boost domestic manufacturing. The revised tax slabs providing relief up to ₹12 lakh will increase middle-class spending and retail demand. A unified tax rebate portal simplifies compliance for MSMEs. Overall, the budget promotes entrepreneurship, tax relief, and economic growth.
Anand K. Rathi, Co-Founder, MIRA Money views the Union Budget 2025-26 as a well-balanced approach that effectively boosts consumption, aligning with expectations. While no major reforms or capital expenditures were anticipated, the budget follows a steady, business-as-usual approach, maintaining fiscal discipline. The fiscal deficit, projected at 4.4% of GDP, is a positive sign for the debt market, indicating lower borrowing and fostering financial stability.
Yashank Wason,Managing Director, Royal Green Realty views the Union Budget 2025-26 as a positive step for the real estate sector. Key measures include ₹1.5 lakh crore in interest-free loans for stalled housing projects and three new PPP models for infrastructure. The budget aims to complete 40,000 housing units in 2025, easing the burden on middle-class families managing both EMIs and rent. A national framework will guide states in promoting Global Capacity Centres (GCCs) in tier-2 cities. Additionally, raising the nil tax slab to ₹12 lakh boosts middle-class spending power, making homeownership more accessible. Overall, the budget supports real estate growth and investment opportunities.
D. S. Negi, CEO, Rajiv Gandhi Cancer Institute & Research Centre (RGCIRC) commends the government's continued focus on healthcare in the Union Budget 2025-26. The plan to establish daycare cancer centres in all district hospitals within three years, starting with 200 centres in 2025-26, will improve affordability and accessibility, especially for economically weaker patients.The addition of 75,000 medical seats over five years, including 10,000 in FY26, is a vital step toward strengthening healthcare infrastructure and addressing the shortage of medical professionals. This initiative will help India move closer to the WHO doctor-to-population ratio of 1:1000 by 2030.Additionally, the reduction of basic customs duty on 36 life-saving drugs, including cancer medications, to nil and concessional duty on six others will lower treatment costs. Broadband connectivity for primary healthcare centres is another significant move that will modernize healthcare delivery and benefit patients across the country.
Dr. H. Sudarshan Ballal, Chairman – Manipal Hospital, describes the Union Budget 2025-26 as middle-class friendly, with several key healthcare measures that will significantly benefit the sector:
Day-care cancer centres: The establishment of 200 cancer treatment centres in district hospitals in 2025-26 will address the growing demand for cancer care, especially in non-metro areas.
Exemption on life-saving drugs: Basic customs duties on 36 life-saving drugs, including cancer medications, will be fully exempt, and six other drugs will attract concessional duties. This will reduce the cost of essential treatments for serious diseases.
Medical education expansion: The addition of 10,000 medical seats in FY26, with plans for 75,000 seats over the next five years, will help improve the doctor-to-population ratio.
Medical tourism: India’s potential as a hub for medical value tourism is highlighted through easier visa norms and capacity-building initiatives, offering high-quality care at a fraction of the cost of other countries.
AI in healthcare: A ₹500 crore allocation for AI development in education and healthcare, alongside a ₹1.5 lakh crore public-private partnership for infrastructure, will enhance health infrastructure and financing.
Nutrition mission: A push for nutrition and the POSHAN Abhiyaan will improve nutrition, particularly among underserved populations.
Broadband for primary health centres: Broadband connectivity will enhance telemedicine consultations in rural areas, addressing healthcare shortages in those regions.
Overall, Dr. Ballal sees the budget as reasonable for the common man, with a targeted focus on improving healthcare accessibility and infrastructure.
Mr. Sanjaya Mariwala President of the IMC Chamber of Commerce and Industry and Executive Chairman & Managing Director of OmniActive Health Technologies, commends the Union Budget for its clear vision towards India's economic future. The reforms in income tax will increase disposable income, spurring growth and spending. He highlights the focus on agriculture and MSMEs, with initiatives to boost crop diversification, self-reliance, and productivity. Policy support for manufacturing will drive job creation and productivity. The expansion of medical care with 10,000 new seats and daycare centers for cancer treatment underscores the government's commitment to accessible healthcare. The introduction of AI-focused skilling programs and National Centres of Excellence will equip youth for global competition. Overall, the budget aligns with the Viksit Bharat 2047 vision, promoting inclusive growth and positioning India for global leadership.
Dr. Issac Mathai (SOUKYA International Holistic Health Center): The budget focuses on healthcare with initiatives like "Heal in India" to improve infrastructure and medical tourism. It includes the UDAAN scheme for better connectivity, enhanced medical education, and broadband access to Primary Health Centers. Programs like Saksham Anganwadi and Poshan 2.0 address nutrition for women and children, contributing to a healthier and more connected India.
Divyesh Savaliya (Onix Renewable Limited): The budget emphasizes renewable energy, aiming for 500 GW of non-fossil fuel energy by 2030. It promotes domestic production of solar cells, EV batteries, and related components, reducing imports. The National Manufacturing Mission boosts clean tech manufacturing, accelerating renewable energy adoption, improving energy security, and helping India reach its net-zero targets.
Pankaj Prakash Sharma (Happa Foods): The budget supports MSMEs, startups, and agriculture, benefiting the food processing sector. Increased credit guarantees and funds for startups like Happa Foods will help scale and expand globally. Investments in agriculture, cold chain infrastructure, and export promotion will enhance food security, supply chains, and India’s global role in food production.
Mr. Raj Gore (Healthcare Global Enterprises Limited): The budget introduces key cancer care improvements, including customs duty exemptions for 36 life-saving drugs and the establishment of 200 daycare cancer centers. The "Heal in India" initiative boosts medical tourism, and the expansion of medical education addresses the shortage of healthcare professionals, strengthening India’s cancer care infrastructure.
Dr. Malini Saba (Pharmaceutical Sector): The budget exempts 36 life-saving medicines from customs duties, including those for cancer and chronic conditions. It also offers concessional duties on six medicines and bulk drug imports. Patient assistance programs are exempted from customs duty, ensuring access to affordable healthcare for the needy.
Dr. Malini Saba (Education Sector): The budget enhances education with the establishment of Atal Tinkering Labs in 50,000 schools, promoting innovation. It expands broadband access to all government schools and invests in medical education, adding 10,000 medical seats this year, addressing the growing demand for healthcare professionals.
Dr. Malini Saba (Environment & Climate): The budget allocates ₹1 lakh crore for urban infrastructure, including water and sanitation improvements, promoting sustainable cities. Simplified business compliance, tax reforms, and a focus on green initiatives highlight the government’s commitment to long-term sustainability and economic growth.
Dr. Malini Saba (Women, Startups, Human Resources, and Entrepreneurship): The budget empowers youth, women, and entrepreneurs through initiatives like the National Institute of Food Technology, decriminalization under the Jan Vishwas Act, and support for startups. The development of Global Capability Centers in Tier-2 cities fosters inclusive growth and innovation.
Dr. Malini Saba (Philanthropy & CSR): The budget prioritizes CSR, especially for underprivileged communities, by focusing on nutrition, healthcare, education, and skill development. It encourages businesses to align CSR initiatives with national goals, promoting inclusive growth and social impact.
Dr. Malini Saba (Tourism): The budget boosts tourism with investments in infrastructure for 50 tourist destinations, visa fee waivers, and expanded e-visa options. MUDRA loans for homestays empower local entrepreneurs, enhancing India’s cultural diversity and tourism sector.
Dr. Malini Saba (Healthcare & Mental Health): The budget extends healthcare benefits to gig workers under PM-JAY and addresses the shortage of medical professionals by adding 10,000 medical seats. Broadband expansion for healthcare centers enhances rural access to medical care, contributing to a healthier, more inclusive future.
Dr. Malini Saba (Agricultural Sector): The budget promotes agricultural growth through initiatives like the Agricultural District Programme, targeting low-productivity areas, and reducing import dependence on pulses. Improved supply chains and infrastructure will enhance food security and support farmers’ productivity.
Dr. Malini Saba (Real-Estate Sector): The budget supports real estate growth by promoting Global Capability Centers in Tier-2 cities and improving regional economies. It enhances agricultural sectors through infrastructure upgrades and provides tax relief to the middle class, boosting real estate demand through increased consumer spending.
Mr. Sandeep Bagla, CEO - TRUST Mutual Funds, notes that the recent budget announcements signal a shift in governance, focusing on creating conditions conducive for policy implementation and compliance. The private sector and middle class are now tasked with driving demand, which will be supported by tax rationalization that boosts purchasing power, particularly in sectors like FMCG and auto. However, he expresses concern over the government's limited capital expenditure and the uncertainty surrounding private sector investments due to external risks like tariff wars and Chinese imports. Despite this, initiatives to increase credit access for sectors such as MSMEs and agriculture are positive. He views the budget as bold, with a focus on empowering Indian consumers, but acknowledges that while the fiscal deficit has been lowered, higher government spending could have spurred quicker demand. Ultimately, the economic growth pace will depend on the resilience of India's middle class and the private sector.
Mr. Jatin Paranjape, Co-founder - KheloMore, Former International Cricketer for India, Member of BCCI Cricket Advisory Committee, highlights that the increase in the zero income tax slab to 12 LPA will positively impact the middle class, providing them with extra disposable income. This will lead to a boost in the consumption of sports products and services, as well as greater participation in sports, as more individuals will have the financial means to access sports venues. Additionally, the reduced tax burden for those earning above 12 LPA is expected to further enhance consumption.
Aji Nair, CEO at Mirah Hospitality, highlights that the Union Budget 2025 significantly boosts India’s tourism and hospitality sector, focusing on improving travel infrastructure and connectivity to key destinations. This will enhance domestic tourism and benefit local economies, particularly in restaurants, hotels, and related services. With upgraded facilities and increased accessibility, he anticipates a surge in visitors, uplifting local communities and showcasing India’s culinary and cultural diversity. The new tax regime, aimed at reducing the middle-class tax burden, is also expected to increase disposable income and consumption across sectors. Mr. Nair emphasizes that by prioritizing tourism-driven development, the budget sets the foundation for a flourishing hospitality ecosystem, and he is excited to contribute to this growth.
Ganesh Sonawane, CEO & Co-Founder at Frido, commends the Union Budget 2025-26 for reaffirming India’s commitment to innovation, entrepreneurship, and economic inclusivity, laying a strong foundation for startups and consumer-driven industries. The budget's provisions, such as increased credit guarantee cover, extended tax benefits, and fresh Fund of Funds investments, are expected to provide vital support to startups and MSMEs, enabling them to scale and drive domestic consumption. The National Manufacturing Mission and export promotion measures aim to enhance India’s position as a global manufacturing hub. A notable highlight is the new tax regime designed to reduce the middle-class tax burden, which will boost disposable income and stimulate demand in sectors like retail, lifestyle, and technology. Mr. Sonawane also points out that businesses targeting the growing Gen Z demographic will see significant benefits. Additionally, streamlined regulations and an improved ease of doing business framework will foster innovation and expansion in the startup ecosystem, contributing to India’s entrepreneurial and industrial transformation.
Vikram Vuppala, Founder and CEO, NephroPlus, praises the Union Budget 2025-26 for its strong focus on healthcare, highlighting a bold vision for India's healthcare future. The ₹500 crore allocation for AI in healthcare is seen as a transformative shift towards tech-driven patient care, improving outcomes. The addition of 10,000 medical seats addresses the critical shortage of skilled doctors. He also notes that easing the compliance burden on healthcare providers will support their expansion plans. Lastly, the emphasis on medical tourism is set to position India as a global healthcare hub, empowering Indian providers to expand internationally under the 'Heal by India' vision.
The budget successfully addresses immediate economic needs amid global tensions, instilling confidence in the government’s economic policies. Tax reforms are a key highlight, with individuals earning up to ₹12.75 lakh paying zero tax (after standard deduction) and significant tax savings of up to ₹1.1 lakh for higher-income groups. Overall, the budget is seen as a robust and pragmatic step towards economic security and growth.
The Union Budget 2025-26 presents a growth-oriented policy framework that focuses on sustainable development, industrial growth, and inclusive economic expansion across sectors like manufacturing, energy, and entrepreneurship.