Budget Expectations 202X: Industry Leaders Call for Reforms in EVs, Healthcare, Manufacturing & Sustainability
As the Union Budget approaches, leaders across sectors have shared their expectations, highlighting the need for policy support, financial incentives, and structural reforms to drive growth, innovation, and sustainability.
EV Sector Seeks Priority Lending Support
N Nagasatyam, Executive Director, Olectra Greentech, emphasised the need for financial support to accelerate EV adoption:
“Electric vehicle adoption in India requires stronger government backing. While EVs offer long-term benefits, their high upfront cost remains a major barrier. Including EVs under priority sector lending would encourage buyers and help bridge the cost gap, making eco-friendly mobility more accessible.”
Industry Calls for Economic Stimulus & Policy Stability
Uttam Malani, Executive Director, Centuary Mattresses, highlighted the need to revive economic sentiment:
“Industry sentiment is currently subdued, and a stimulus is needed to bring the economy back on track. Focus on housing, healthcare, and education spending is crucial. Policy stability will encourage businesses to take calculated risks and generate employment. Sustainability-focused incentives must also be prioritised.”
HealthTech Sector Pushes for Policy Clarity & Incentives
Hari Thalapalli, CEO, CallHealth, stressed the importance of enabling digital healthcare:
“With the goal of ‘Healthcare for All’, the government should incentivise HealthTech innovation to improve accessibility and affordability. Clear policies are needed around e-pharmacy, remote monitoring, digital prescriptions, and teleconsultation. Encouraging startups in healthcare will be critical to addressing unmet medical needs.”
Renewable Energy Sector Advocates Tax Benefits & Policy Enforcement
Radhika Choudary, Co-Founder & Director, Freyr Energy, called for stronger solar adoption measures:
“Instead of subsidies, income tax benefits for solar adoption would be more efficient and scalable. There is also a need to mandate a minimum share of solar energy in industrial power consumption. Additionally, transparency in net metering implementation across states is essential to achieve desired outcomes.”
