Union Budget 2025: Industry Experts React to Key Announcements
As Finance Minister Nirmala Sitharaman presents the Union Budget 2025, industry leaders across various sectors are closely analyzing the announcements and their potential impact on economic growth, investment, and employment.
Manufacturing & Infrastructure
The government's continued push on infrastructure and capital expenditure (capex) has been welcomed by the industry. Experts believe the increased allocation for roads, railways, and smart city projects will drive economic growth and generate employment.
Industry View: Rajiv Kumar, CEO of InfraBuild India, stated, “The capex boost will not only enhance connectivity but also provide a multiplier effect across the economy.”
Technology & Startups
With incentives for digital infrastructure, AI, and deep-tech research, the technology sector sees this as a promising step toward making India a global innovation hub. The extension of tax benefits for startups has also been well-received.
Industry View: Neha Sharma, Founder of TechFront, said, “The emphasis on digital transformation and AI innovation will propel India towards global tech leadership.”
Banking & Finance
The focus on financial inclusion, digitization, and regulatory reforms in the banking sector has been acknowledged as a progressive move. The proposal to boost credit flow to MSMEs is expected to strengthen the small business ecosystem.
Industry View: Suresh Mehta, CFO of FinTrust Bank, commented, “The push for digital banking and credit accessibility will deepen financial penetration in rural areas.”
Agriculture & Rural Economy
The enhanced allocation for the agriculture sector, including irrigation, crop insurance, and agri-tech adoption, has been seen as a positive development to support farmers and rural communities.
Industry View: Dr. Vinod Rathi, Agri-economist, noted, “Sustainable agriculture and technological intervention will modernize Indian farming and ensure better income security for farmers.”
Healthcare & Pharma
The budget’s commitment to expanding healthcare infrastructure and promoting domestic pharma production has been met with optimism. Increased investments in medical research and affordable healthcare schemes will have long-term benefits.
Industry View: Dr. Anjali Verma, CEO of MedCare Solutions, said, “A stronger healthcare framework will improve accessibility and affordability for millions.”
Energy & Sustainability
The government’s focus on renewable energy, electric vehicles (EVs), and green hydrogen is a step toward a sustainable future. Industry leaders anticipate that these measures will accelerate India’s transition to clean energy.
Industry View: Prakash Nair, Director at GreenTech Energy, shared, “The push for renewables and EV infrastructure will drive India’s sustainability goals forward.”
Conclusion
Overall, the Union Budget 2025 has been received positively across industries, with a strong emphasis on growth, innovation, and inclusivity. While some sectors await further policy clarity, the industry sentiment remains optimistic about India’s economic trajectory.
