Mr. Dinesh Chandra Pandey, Founder of Shankar Fenestrations and Glasses said, "We envision that the 2025 Budget will focus on measures that will help to grow and bring innovations in the lifestyle and fenestration sectors while increasing emphasis on sustainability, digital transformation, and promotion of small and medium enterprises. Policies driving infrastructure development, smart cities, and affordable housing will act as growth catalysts for the fenestration industry. Likewise, tax incentives and lesser GST on high-performance products such as Low-E glass and solar control systems will promote the access and adoption of such products across residential, commercial, and industrial markets. Likewise, for the lifestyle sector, strategic budget allocations towards sustainability, digital innovation, and skills enhancement will further help the sector provide quality and eco-friendly solutions. Tax incentives for manufacturers and reduced GST will further allow cost-effective offerings which will open a field into the offering and consequently drive the growth of this market.
The 2025 budget presents a pivotal opportunity to propel both the fenestration and lifestyle industries toward innovation and sustainability, seamlessly blending tradition with modern advancements to position India as a global leader in these sectors."
Dr. Sanjeev Kumar, President- ADSEI- "The Direct Selling industry plays a pivotal role in fostering sustainable self-employment, particularly for women and youth, and continues to make a significant contribution to India’s economic empowerment. As we approach Budget 2025, we urge the government to prioritize strategic reforms that will unlock the sector’s full growth potential, in line with the nation’s vision for inclusive and sustainable development. We advocate for tax rationalization measures and a more streamlined compliance framework to improve the ease of doing business for Direct Selling entities and further accelerate the sector's contribution to India’s economic progress."
Dr. Sachin Chopda, Managing Director, Pushpam Group
"As we approach the Union Budget 2025, the real estate sector eagerly anticipates measures that align with evolving market dynamics and the vision for inclusive growth. For developers like Pushpam Infra, specializing in second homes and resort-style properties, we see an urgent need for reforms that promote affordability, ease of doing business, and incentivize investments in alternative real estate segments.
A key expectation is the enhancement of the tax deduction limit on home loan interest from ₹2 lakh to ₹5 lakh, which has been a long-standing demand. This adjustment could significantly improve homebuyer sentiment and drive housing demand across segments. Additionally, a revision in the GST input tax credit mechanism can reduce the financial burden on developers, ensuring cost efficiencies that could stabilize property prices.
The second home market, valued at over ₹18,000 crore in FY23 and growing at a CAGR of 12% (Knight Frank India), could further benefit from targeted incentives for investment in leisure properties. Recognizing second homes as a distinct category under affordable housing with enhanced tax benefits can catalyze growth in this sector.
We remain optimistic that Budget 2025 will address these expectations and pave the way for robust growth in real estate, contributing to the nation's economic trajectory."
Mr. Rajneesh Chopra, Managing Director, Amway India:
“India's increasing focus on health and wellbeing aligns with the Government's vision for a healthier nation. The upcoming Union Budget 2025 should also help prioritize preventive healthcare, especially as lifestyle diseases rise, to reduce long-term costs and improve overall health outcomes.
Although awareness around wellness is growing, significant barriers to access the same and affordability remain a concern, particularly when it comes to nutrition and dietary supplements. These challenges hinder the full realization of a healthier, more resilient population. To this end, Amway, the leading company supporting health and wellbeing, has embarked on a mission of empowering individuals to embrace healthy habits, prioritising health span. We believe the Union Budget 2025 has the opportunity to bring transformative change by fostering a culture of holistic well-being. A key step in this direction would be rationalizing the GST from the current 18% on health and wellness products, including dietary supplements. Furthermore, expanding GST exemptions and input tax credits on dietary health and wellness products will help promote holistic wellness across the country. The right support from the Government, aligned with its Swasth Bharath initiative, India can help establish itself as a global leader in wellness, advancing the vision of a healthier, more equitable, and prosperous nation.
As a company empowering individuals to start their own businesses, we urge the government to consider lowering income tax slabs helping direct sellers who are sole proprietors or small businesses. This adjustment would support the spirit of entrepreneurship and contribute to overall economic growth. Furthermore, lowering taxes would improve disposable power, allowing more number of people to invest in their health and wellbeing. We also advocate incentivizing research and innovation by providing fiscal incentives to support R&D initiatives, thereby fostering an environment for technological advancement and enhancing our nation's competitiveness in the global market.”
Hearzap Spokesperson - Mr Raja S. Designation - Founder and Managing Director said,
"The healthcare sector in India is experiencing tremendous progress, which is being backed by a rising interest in innovation, awareness, and increased investments in infrastructure. The budget allocations over the past few years have reflected the commitment of the government to improving health care services, especially through accessibility improvement, preventive care promotion, and medical research advancement. For instance, the Healthcare Sector has seen an increase of 13% in the 2024 budget. Key programs such as the National Health Mission received ₹29,085 crore, in keeping with the focus on infrastructure building and healthcare delivery. These allocations highlight a clear focus on making healthcare more accessible and resilient."
As we look forward to the 2025-2026 budget, it is vital to maintain this momentum by addressing key areas such as rural healthcare infrastructure, digital health adoption, and fostering public-private partnerships. Expanding resources for primary and preventive care, coupled with targeted investments in training and research, will not only bolster the healthcare system but also drive economic growth."
"India's ability to deliver affordable and accessible healthcare for its vast population relies on consistent and strategic efforts. By continuing to prioritize this sector, we can ensure a healthier, more resilient nation poised for long-term prosperity."
Auriga Research Spokesperson - Dr. Saurabh Arora Designation - Managing Director said, "The pharmaceutical sector is in anticipation of the new 2025-26 Budget wishful for a range of actions being taken by the state in terms of reengineering the research, development, and innovation connection. Over the last several years, the institute has experienced a limited capacity to discover new drug candidates due to general orientation towards generic drugs. The weighted income tax deductions could again be given to research and development since that was considered to be calculated from the present budget, provided that the scope of R&D included points from new drug development to clinical trials. If the government were to consider aiding technology up-gradation in a big company, it might introduce a performance-linked model on the lines of the PLI scheme. This would keep the party accountable and yet generate the desired outcomes.
One of them is the reduction in funding for research at higher educational institutions so far which has had an impact on the stimulation required for the outcome. If the efforts of the companies are to be supported by government-backed industry-academia programs, along with the tax incentives provided for industrial research, then such efforts cannot expect only to boost the overall activity of research, but in the long run, de-risk even basic research and therefore, true innovation.
For once, food safety announcements are concerned; the announcement of 100 new laboratories in the country was indeed a welcome step. A mere announcement was noticed to have been followed during the year. This partnership will help create synergy, and the vision for establishing food safety systems among the states could be realized. In terms of public-private partnership (PPP), a prime example is the National Laboratory at Ghaziabad."
Ms. Sanamdeep Chadha, Education Reformist and Director of Genesis Global School, Noida said, “The allocation for the education sector in the Union Budget is uniformly increased almost every year. The previous budget for instance allocated an amount of over Rs 1.25 lakh crore for the education sector, of which a significant chunk was dedicated to the K-12 or school education in the country. For a true futuristic nation building though, there is an urgent need for a massive increase in the allocation for upgrading foundational education among the citizens of tomorrow. We would, hence, like to keep the authorities informed about some of the existing pertinent challenges, specific to the urban education ecosystem. Policies, provisions and allocations that facilitate digital education and adoption of technologies like AI, robotics, and coding, must be one of the priorities of the government in the upcoming Union Budget. The other expectation is encouraging public-private partnership for teacher training programs, focusing on digital pedagogy and subject specialization, along with a strong call for a significant rise in public spending on education, aiming to align with the National Education Policy (NEP) 2020's recommendations.”
Mr. Rishabh Periwal, Senior Vice President, PioneerUrban said, “To sustain the upward trajectory and consumer buying sentiment for projects across residential and boost the sentiment for commercial and retail, Government intervention and support is paramount. The Union Budget must focus on boosting consumption with a simpler, more rationalised tax regime. Incentives for homebuyers such as higher deductions on home loans will significantly encourage broader participation in the market. There is a growing demand for premiumisation and green projects, hence, well-defined policies and fiscal incentives are essential to ensure the futureproofing of the real estate sector. We also strongly believe that by simplifying GST with full benefits and granting infrastructure status to the real estate sector will alleviate funding challenges and drive sustainable sectoral growth.”
Ajjay Parge, Founder, Qubit India said, "There is a definite opportunity, with the 2025 Budget, to transform the real estate industry in India into one where technology-driven innovation can be realized. The maturation of technologies like Generative AI, BlockChain, AR/VR, and Large Language Models (LLM) has triggered the institutionalization of PropTech and Viztech in creating potential to unlock domestic capital and accelerate construction of real estate. Under the existing regulatory environment which is suitable for undertaking policy-based reforms in the real estate, India has the opportunity to build up a more regulated, transparent, streamlined and fair realty ecosystem to better serve both the consumers and the enterprises. As the Indian real estate market is projected to reach $5-7 trillion by 2047, it is essential that the budget addresses critical challenges, including the decline in affordable housing supply. The affordable housing segment, which has dropped from 26% in 2021 to 17% in 2024, needs an increase in the price cap to stimulate supply and improve borrowers' financial capacity, especially through increased budget allocations for initiatives like Pradhan Mantri Awas Yojana (PMAY). Furthermore, land and building transfers classification as "Deemed Services" under GST may encourage increased transactional transparency and lead to simplified regulations of the land market. Simultaneously, creation of an enabling context for luxury living will guarantee that not only luxury but also affordable housing will be able to grow and cater to the varied aspirations of India's ever-changing consumer base."
