Union Budget 2025: Industry Expectations and Strategic Policy Recommendations

Union Budget 2025: Key Expectations and Recommendations from Industry Experts

As India gears up for the Union Budget 2025, industry leaders across diverse sectors—including startups, real estate, education, renewable energy, and healthcare—are looking forward to policies that drive innovation, ease regulatory complexities, and promote inclusive economic growth. The upcoming budget holds the potential to transform India’s economic landscape, strengthening its position as a hub for technology, sustainability, and industrial development. Below are insights from industry experts on key policy expectations and recommendations.

Empowering Startups and Entrepreneurship

Ankur Srivastava, Founder, QI Media Network
For India to elevate its ‘Make in India’ vision on the global stage, policies must bridge the gap between entrepreneurial aspirations and tangible support. Key priorities include boosting awareness about startup policies, enhancing access to incubation centers via a centralized system, and simplifying bureaucratic hurdles through a single-window approval process. Additionally, fostering growth in Tier 2 and Tier 3 cities, expanding funding opportunities, and offering export incentives can strengthen India’s startup ecosystem. Increased investment in infrastructure and public-private collaborations will further drive innovation and competitiveness.

Real Estate Growth and Sustainable Development

Mr. Sunil Pareek, Executive Director, Assetz Property Group
Real estate is a fundamental driver of India’s economy. To achieve the sector’s projected $1 trillion market valuation by 2030, the budget should focus on granting industry status, streamlining approvals through a single-window system, and allowing developers to benefit from input tax credits. With India’s commitment to Net Zero by 2070, incentivizing sustainable construction and integrating advanced building technologies will be essential to fostering eco-friendly urban growth.

Revamping Education Infrastructure

Jasmeet Singh Chhabra, Co-Founder, Crimson Schools
By 2034-35, India will require over 4 billion square feet of additional educational infrastructure. Budget 2025 should introduce reforms such as lease-based infrastructure models to reduce capital burdens, allowing institutions to prioritize teaching quality. Lowering the 18% GST on accreditation services will alleviate financial pressure on schools, enabling them to allocate resources toward infrastructure enhancements. Tax incentives for adopting green building practices can also promote sustainability in education.

Accelerating Renewable Energy Transition

Ms. Tanya Singhal, Founder, Mynzo Carbon & SolarArise
India’s journey toward renewable energy leadership requires strong policy interventions:

  • Climate-conscious tax incentives: A ₹25,000 annual rebate for individuals investing in certified energy-efficient appliances and renewable energy solutions.
  • A ₹1,000 crore Renewable Workforce Training Program: Training 100,000 coal workers for employment in the renewable energy sector.
  • A ₹500 crore Storage Innovation Fund: Supporting startups and research institutions in advancing energy storage technology.
  • Five-year tax holiday for battery manufacturers: Strengthening domestic production of advanced chemistry cell (ACC) batteries for electric vehicles.
  • Investment in grid infrastructure: Expanding energy storage at substations to enhance renewable power reliability.

Strengthening Financial Markets and Inclusion

Mr. Abhishek Dev, Co-founder & CEO, Epsilon Money
Budget 2025 presents an opportunity to deepen financial inclusion by incentivizing women entrepreneurs, simplifying foreign direct investment (FDI) approvals, and optimizing capital gains tax structures. Encouraging broader participation in equity investments and expanding foreign investors’ access to domestic debt markets will enhance financial stability and market vibrancy.

Enhancing Senior Care and Healthcare Innovation

Mr. Adarsh Narahari, Founder & MD, Primus Senior Living
Ensuring financial security for India’s elderly is imperative. Reforming reverse mortgage policies will enable senior citizens to unlock asset value for a secure retirement. Additionally, reducing GST on senior care services will make healthcare and assisted living solutions more accessible and affordable.

Dr. Sudhir Srivastava, Founder, Chairman & CEO, SS Innovations
India’s medical technology sector must prioritize homegrown innovation. Reducing import duties on essential components and investing in local manufacturing will foster growth in the med-tech industry. Government backing for telesurgery and teleproctoring can revolutionize healthcare access, particularly in remote areas, ensuring quality medical services for all.

Advancing Digital Transformation and Technology

Salman Shaikh, Founder, The Webmark
India’s digital economy can benefit from increased investment in artificial intelligence, blockchain, and IT infrastructure. The budget should support research and development, simplify technology transfers, and promote digital literacy initiatives. Encouraging tech-driven upskilling will strengthen India’s position in the global digital ecosystem.

Mohammed Fayaaz, Founder, Triumphs of Talent (ToT)
Human capital development is critical for India’s growth. Budget 2025 should introduce measures that simplify compliance for businesses, incentivize startups, and drive workforce upskilling. Digital transformation investments will ensure that India’s workforce remains competitive in the global market.

Ensuring Fiscal Stability and Export Competitiveness

Ramanath Manchala, Founder, Nou Expertise
Sound fiscal management will be key to economic resilience. While rupee depreciation may offer short-term export advantages, the government must implement policies that enhance long-term export competitiveness and remove regulatory hurdles in manufacturing and labor sectors.

Conclusion

Union Budget 2025 has the potential to drive transformative economic progress across multiple industries, reinforcing India’s commitment to self-reliance and sustainable growth. By implementing policies that encourage innovation, streamline regulations, and invest in infrastructure, the government can create an environment that supports startups, promotes green energy, and fosters inclusive economic opportunities.

A strategic focus on digital transformation and climate action reflects India’s commitment to tackling global challenges. Strengthening healthcare and education systems will ensure long-term human capital development, while fiscal reforms will empower businesses and communities alike.

Collaboration between public and private sectors will be essential in maximizing the impact of these reforms. By fostering entrepreneurship, sustainability, and inclusive growth, India is well-positioned to emerge as a major global economic powerhouse, driving prosperity for future generations.

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