"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" said Naiyya Saggi, Spokesperson, Tech Entrepreneurs Association of Mumbai (TEAM).
Sharing his anticipation for the Union Budget 2025-26, Sudarshan Lodha Co-founder of Strata Property Management, said,“The SM REIT regulations introduced by SEBI in 2024 have enhanced transparency and investor protection while lowering the minimum investment barriers, making the space accessible to more investors. SM REITs align well with the government’s economic development aims by stimulating the growth of offices, retail, industrial units, and other real estate assets, while providing investors with a more regulated and transparent way to invest in real estate. We hope for the Union Budget to introduce incentives that will further stimulate the growth of this nascent sector, particularly through tax benefits that bring greater flexibility for investments. This growing industry has the potential to attract a broader base of retail investors, thereby enhancing liquidity and market participation. We are optimistic that the government will recognize the potential of SM REITs to contribute significantly to the economy while providing investors with valuable diversification opportunities.”
Mr Udit Garg, Managing Director & CEO, Kundan Green Energ:
The forthcoming Union Budget can be a key opportunity to boost India's movement towards a cleaner and greener future. To maintain this momentum, an encouraging tax policy would be the need of the hour. Increasing tax holiday under Section 80-IA of the Income Tax Act and lowering corporate tax rates for companies engaged in renewable energy to 15% or lower would provide much-needed sustainability to the industry. Moreover, facilitating tax credits on the production of green hydrogen and lowering GST rates for renewable energy products like solar panels and wind turbines would spur investments and innovation opportunities.
Electricity prices volatility necessitates the need for financial instruments in handling effective risk management. The creation of electricity derivatives and consideration of innovative mechanisms including contracts for difference and virtual power purchase agreements will help stabilize the market and boost long-term investments.
Another critical area would be strengthening the corporate bond market. Tax exemptions for investments in the power sector will diversify funding sources and ensure a constant flow of capital for renewable energy projects. Additionally, a well-aligned carbon market with global standards will support India's decarbonization objectives while positioning the country as a carbon trading leader. Tax incentives to participate in the market will make it more widely adopted by industry.
Lastly, India should utilize its achievements in renewable energy to become a global exporter of green technology. Budget 2025 should introduce incentives for export-oriented manufacturing units and explore bilateral trade agreements with renewable-focused nations. With these key areas addressed, the government can spur economic growth, improve energy security, and establish India as a leader in the global renewable energy landscape.
Mr. Rohit Beri- CEO and CIO ArthAlpha
"As the fintech sector eagerly awaits the Union Budget, we anticipate forward-thinking policies that drive innovation, financial inclusion, and digital transformation. Key expectations include revised taxation structures for startups and fintech firms, promoting ease of doing business through tax parity between capital gains for listed and unlisted securities, which will spur investment in the startup ecosystem. Enhanced budgetary allocations for financial literacy programs and digital infrastructure in rural and semi-urban areas will further expand the reach of digital finance. The introduction of a regulatory sandbox expansion for emerging technologies like blockchain and AI-driven lending platforms would foster innovation while ensuring consumer protection. Additionally, streamlined compliance norms for digital payments and incentives for expanding UPI penetration to international markets can position India as a global fintech leader. A holistic approach to data privacy regulations and credit access for MSMEs would further bolster growth. A dynamic, fintech-centric budget can strengthen India's digital economy, making it more resilient and future-ready."
Mr. Ravi Goel- CBO RapidShyp
"As we approach the upcoming Union Budget, the logistics sector anticipates reforms and investments that will accelerate its modernization and strengthen India's position in logistics sector world wide. Key expectations include enhanced allocations for infrastructure development, with a focus on last-mile connectivity and multi-modal logistics parks (MMLPs) as part of the PM GatiShakti plan, which aims to develop over 35 MMLPs with investments exceeding ₹50,000 crore. Modern warehousing infrastructure needs targeted incentives, as the market is projected to grow to ₹2.8 lakh crore by 2025. We also look forward to simplified regulatory frameworks and increased incentives for technology adoption, including AI-driven logistics solutions and automated systems, which could reduce logistics costs from 14% of GDP to a globally competitive 8-10%. Supporting EV infrastructure for green logistics will align with the government's target to achieve 30% EV penetration by 2030. Favorable GST reforms and streamlined compliance will enhance competitiveness for India's 63 million MSMEs, making this sector more efficient and future-ready."
"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."-Tech Entrepreneurs Association of Mumbai (TEAM) spokesperson.
Geeta Jayanth, Principal, Chaman Bhartiya School:
"The education sector plays a pivotal role in shaping the future of our nation, and as we approach the Union Budget 2025, there is significant anticipation for initiatives that further enhance the quality of education. Last year's budget took noteworthy steps with an allocation of ₹1.12 lakh crore to education, focusing on digital learning and introducing virtual labs and the Digital University initiative. These measures have set the foundation for integrating technology into mainstream education.
This year, we hope to see a continued emphasis on modernizing the education infrastructure, with increased investment in teacher training, experiential learning programs, and advanced resources such as STEM labs and smart classrooms. Additionally, promoting innovation in pedagogy and funding collaborative programs between private institutions and government bodies can help accelerate India's journey towards global educational excellence. At Chaman Bhartiya School, we are committed to fostering leadership and critical thinking in our students, and we look forward to policies that support the holistic development of learners in a rapidly changing world."
Quote by Maulik Shah, Managing Director of Aditya Engimach:
"As a 20-year-old company committed to excellence in manufacturing, Aditya Engimach recognizes the critical role our sector plays in India's economic growth. Last year's budget took significant steps toward bolstering manufacturing with ₹1.97 lakh crore allocated for the Production Linked Incentive (PLI) scheme across key industries, along with a focus on infrastructure development through ₹7.5 lakh crore in capital expenditure. These measures provided a strong foundation for expanding domestic production and exports.
In the upcoming budget, we anticipate further support for manufacturing, particularly through the extension of the PLI scheme to additional sectors and incentives for SMEs to adopt advanced technologies. Simplifying compliance frameworks and digitizing processes to reduce administrative burdens will be critical in fostering ease of doing business and driving sector-wide efficiency. Streamlining access to affordable credit, promoting sustainable manufacturing, and addressing supply chain challenges will be essential for enhancing global competitiveness. Investments in R&D and workforce upskilling for Industry 4.0 are crucial to future-proof the industry. Additionally, subsidized land allocations and tax holidays for setting up new factories could provide a significant boost to domestic manufacturing, encouraging both startups and established players to expand operations. Enhancing cross-border payments infrastructure is also critical to support exports, enabling manufacturers to efficiently tap into global markets while reducing transaction costs and delays. At Aditya Engimach, we look forward to policies that empower established manufacturers like us to continue contributing to India's vision of becoming a global manufacturing hub."
Quote by Rajagopal G, Director and CEO of Serene Communities by Columbia Pacific:
"As we approach the Union Budget 2025, the real estate and senior living sectors are hopeful for measures that address both industry growth and the evolving needs of India's aging population. Last year's budget emphasized urban infrastructure development through increased capital expenditure and incentives for affordable housing. However, more targeted initiatives are needed to cater to the senior living segment, a rapidly growing market with unique requirements.
This year, we anticipate policies that encourage private investments in senior living projects, tax benefits for senior-friendly housing developments, and incentives for integrating technology and healthcare facilities in residential projects. Additionally, addressing credit availability for real estate developers and buyers will further strengthen the sector. A forward-thinking budget can create opportunities for sustainable growth, while also prioritizing the comfort, safety, and well-being of India's senior citizens."
Quote by Dr. Reema Nadig, Director & COO of KITES Senior Care:
"The budgets so far seem to have overlooked the rapidly growing senior citizen demographic, despite its critical needs. While initiatives like Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) have extended healthcare coverage to millions of seniors, they often fail to address the specialized, long-term care requirements unique to this population. A comprehensive approach is needed to include coverage for prevention, wellness, and outpatient treatments, enabling seniors to proactively manage their health and reduce inpatient admissions. The current coverage under the scheme is insufficient to address the high healthcare costs and the significant expenses associated with ailments common among the elderly.
Furthermore, the sector faces persistent challenges, including the rising prevalence of chronic illnesses, a glaring shortage of trained geriatric care professionals, and inadequate support for mental health and emotional well-being.
The senior care sector in India is at a pivotal moment. Flexible regulatory norms, increased investments, and targeted policies are crucial to addressing gaps in healthcare access, senior living infrastructure, financial security, and holistic elder care services. An inclusive and forward-thinking approach to senior care in this budget would not only ensure a dignified life for our elders but also fortify India's social and economic fabric. We strongly urge the government to recognize these urgent challenges and prioritize building a robust senior care ecosystem in the upcoming budget."
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The jewellery industry has been providing jobs and employment to the youth and skilled artisans of India . The Indian middle class got benefitted by the reduction in duty by our government that made it possible for middle class Indians to buy Gold at such high international volatile markets . We hope Govt allocate. Budget for skilling of Artisans, prepare a mechanism that middle class customers can buy jewellery through emi , reduce the tax rates and bring in liquidity in the economy through infrastructural spending for jewellery and other sectors , focus on growth in Eastern India and the rural sector of the economy . All these steps will bring in growth in Economy and growth in jewellery business." Mr Suvankar Sen, MD & CEO, Senco Gold and Diamonds.
Mr Tarun Gupta, Co-Founder at Lissun (Mental Health Platform) "At Lissun, we view the 2025-26 Union Budget as a crucial opportunity to reshape India's mental health framework. We hope for increased funding to enhance awareness, accessibility, and affordability of mental health services, alongside efforts to integrate mental health care into primary healthcare. Investments in digital solutions, incentives for innovative startups, and targeted skill development to address the shortage of mental health professionals are essential. Key priorities for us include ensuring insurance coverage for mental health, increasing research funding, and creating a national mental health database. We also urge a focus on early intervention programs for children with autism and neurodevelopmental challenges, as well as expanding university courses to produce more qualified therapists. Furthermore, incorporating mental health education into schools and workplace wellness programs will be pivotal to ensuring a more resilient society."*said-- Mr. Tarun Gupta, Co-Founder at Lissun (Mental Health Platform)
Ashish Kukreja, Founder & CEO, Homesfy.in & mymagnet.io, said-
"The arrival of the Union Budget 2025 marks a crucial juncture for the real estate sector, poised at the intersection of challenges and opportunities. Industry stakeholders are pushing for bold and transformative actions to tackle high costs, improve affordability, and sustain the sector's growth trajectory.
One key proposal is to raise the tax exemption limit on housing loans under Section 24(b) of the Income Tax Act from ₹2 lakh to ₹5 lakh. This adjustment alone could offer substantial financial relief to homebuyers, stimulating demand, especially within the middle-income bracket. Furthermore, reintroducing the Credit Linked Subsidy Scheme (CLSS) for first-time homebuyers could play a pivotal role in advancing the "Housing for All" initiative, facilitating increased homeownership for millions.
On the supply side, reinstating the 100% tax exemption under Section 80-IBA of the Income Tax Act for affordable housing projects is crucial. This incentive, which expired in 2022, incentivized developers to prioritize affordable housing—a sector vital for meeting India's urban and rural housing requirements. Its reintroduction is likely to reignite interest and investments in this essential segment.
In 2024, housing prices surged by 21%, and a modest increase is projected for 2025. An anticipated repo rate reduction of 50 basis points or more in 2025 will lead to lower interest rates, enhancing housing affordability. A well-balanced budget incorporating these initiatives has the potential to breathe new life into India's real estate landscape and significantly contribute to the nation's journey towards its ambitious $5 trillion economy target. By addressing affordability, boosting demand, and promoting sustainable growth, the Union Budget 2025 could establish a sturdy and inclusive foundation for the real estate sector."
Deepak Tuli, Co-founder and COO, Eka Care, said, "The government's focus on digitizing healthcare through initiatives like the Ayushman Bharat Digital Mission (ABDM) has been commendable. In the upcoming budget, we hope to see increased allocation for digital health infrastructure to ensure seamless implementation of health records, interoperability, and access for rural populations. This will be a game-changer for India's healthcare ecosystem."
Nikhil Kurhe, Co-founder & CEO, Finarkein Analytics said, "As we approach this year's Union Budget, it's crucial to recognize the transformative potential of India's Digital Public Infrastructure (DPI) in fostering financial inclusion and economic growth. Initiatives like the Account Aggregator framework, Ayushman Bharat Digital Health Mission, and ONDC-FS are foundational to creating an interconnected and inclusive digital economy.
To drive widespread adoption and innovation around these digital public goods, the Budget can allocate targeted funding for capacity building, awareness campaigns, and incentives for early adopters. Establishing a dedicated innovation fund for DPI-focused startups can catalyze solutions tailored to underserved segments, including MSMEs and rural India. Additionally, simplifying regulatory frameworks and expanding support for secure data-sharing standards will encourage private sector collaboration while ensuring consumer trust.
The Budget is an opportunity to accelerate India's leadership in digital innovation, not just for India but as a model for the world. A strategic focus on DPI can unlock unprecedented value across sectors, empowering citizens and businesses alike."
"With the upcoming union budget, we are optimistic about the government’s continued focus on empowering the handmade carpet industry. We hope to see policies that will not only promote sustainable growth but also strengthen the livelihood of artisans who are the heart of this industry. Supporting skill development, ensuring fair wages, and increasing access to global markets are critical steps toward creating long-term prosperity for these artisans. With a positive outlook, we are confident that the budget will bring forward measures that will elevate the handmade carpet sector, allowing it to thrive and flourish in the years to come.
Jaipur Rugs, being one of the few brands from India that has successfully garnered its presence in the global domain, firmly believes in the potential of the handmade carpet industry to shine on the world stage. We see tremendous opportunity in fostering innovation, supporting design development, and enabling digital integration, which will allow artisans to reach new global markets with their exceptional craftsmanship. As a brand committed to preserving traditional craftsmanship while integrating modern techniques, we look forward to policy initiatives that bridge these worlds and enable greater access to financing and technology." Mr. Yogesh Chaudhary, Director, Jaipur Rugs.
Pankaj Prakash Sharma, Founder and CEO, Happa Foods said, "The food processing industry in India is at a pivotal point, driven by rising consumer demand for sustainable, organic, and nutritious products. As we approach the new budget, we anticipate comprehensive policies that will foster innovation, boost investment in agricultural infrastructure, and provide easier credit access for MSMEs. We expect the government to introduce targeted subsidies and incentives to attract both domestic and foreign investors, fostering growth in the sector. Additionally, policies that enable banks and financial institutions to offer lower interest rates and longer repayment periods for food processing enterprises can significantly alleviate financial constraints, especially for small and medium enterprises.
On the export front, we look forward to initiatives that reduce bureaucratic hurdles, streamline export procedures, and provide incentives for exporters to tap into global markets. Enhancing India's food export capacity through dedicated trade agreements, improved logistics infrastructure, and quality certification support will open new avenues for growth. Combined with efforts to simplify GST structures, strengthen the farm-to-fork supply chain, and promote domestic consumption, these measures will be pivotal in transforming the food processing industry into a major contributor to India's economic development."