Union Budget 2025: Key Expectations and Recommendations from Industry Experts
As India gears up for Union Budget 2025, key industries—including startups, real estate, education, renewable energy, and healthcare—are anticipating policies that drive innovation, ease regulatory complexities, and promote inclusive economic growth. The budget serves as a pivotal moment to position India as a global leader in technology, sustainability, and entrepreneurship. Here’s a breakdown of industry expectations and expert recommendations.
Empowering the Startup Ecosystem
Ankur Srivastava, Founder, QI Media Network
For ‘Make in India’ to become a global symbol of innovation and quality, the budget must address the gap between startup aspirations and government support. Key initiatives should include enhanced awareness campaigns, a centralized incubation platform, and streamlined approvals via a single-window system. Expanding funding access, fostering startup growth in Tier 2 and Tier 3 cities, and incentivizing exports will strengthen India’s global competitiveness. Infrastructure investments and public-private partnerships will further accelerate a thriving startup culture.
Enhancing Real Estate and Sustainable Growth
Mr. Sunil Pareek, Executive Director, Assetz Property Group
The real estate sector plays a foundational role in India’s economy. To unlock its next phase of growth and achieve the $1 trillion market valuation by 2030, the industry requires official recognition as a sector, a simplified single-window approval process, and input tax credit benefits. Encouraging sustainable building practices through incentives will also align with India’s Net Zero 2070 commitment, fostering eco-friendly urban development.
Transforming Education Infrastructure
Jasmeet Singh Chhabra, Co-Founder, Crimson Schools
With over 4 billion square feet of additional educational infrastructure needed by 2034-35, the budget must prioritize strategic reforms. A transition to lease-based infrastructure models can alleviate capital constraints, enabling institutions to focus on quality education. Reducing the 18% GST on accreditation services would provide much-needed relief, while tax incentives for eco-friendly educational spaces would drive sustainability in the sector.
Accelerating the Renewable Energy Transition
Ms. Tanya Singhal, Founder, Mynzo Carbon & SolarArise
To accelerate India’s renewable energy goals, key budgetary measures should include:
- Climate-Conscious Tax Incentives: A ₹25,000 annual tax rebate for individuals adopting energy-efficient appliances and renewable solutions.
- Renewable Workforce Training (₹1,000 Crore): Training 100,000 coal industry workers to transition into renewable energy jobs.
- Storage Innovation Fund (₹500 Crore): Supporting startups and research in next-generation energy storage solutions.
- Tax Exemptions for Battery Manufacturing: A five-year tax holiday for advanced chemistry cell (ACC) battery production to boost local manufacturing.
- Grid Infrastructure Investments: Expanding storage capabilities at substations to ensure uninterrupted green energy supply.
Strengthening Financial Inclusion and Market Growth
Mr. Abhishek Dev, Co-founder & CEO, Epsilon Money
The budget presents an opportunity to enhance financial participation by offering tax incentives for women entrepreneurs, streamlining foreign direct investment (FDI) approvals, and optimizing capital gains tax structures. Encouraging equity investments and broadening foreign investor access to domestic debt markets will drive financial stability and economic expansion.
Supporting Senior Care and Healthcare Advancements
Mr. Adarsh Narahari, Founder & MD, Primus Senior Living
India’s senior citizens deserve financial security and quality healthcare. Reforming reverse mortgage policies will empower retirees by unlocking the value of their assets. Additionally, reducing GST on senior care services will improve access to assisted living and healthcare solutions, ensuring dignity and well-being in old age.
Dr. Sudhir Srivastava, Founder, Chairman & CEO, SS Innovations
Boosting indigenous medical technology is essential for India’s self-reliance. Lowering import duties on critical medical components and increasing investments in local manufacturing will strengthen the med-tech sector. Government support for telesurgery and teleproctoring can revolutionize healthcare access in remote areas, improving medical service delivery.
Advancing Digital Transformation and Emerging Technologies
Salman Shaikh, Founder, The Webmark
Expanding investment in artificial intelligence, blockchain, and digital infrastructure will fuel India’s digital economy. The budget should incentivize R&D, simplify technology transfer processes, and introduce digital literacy initiatives to position India as a global technology hub.
Mohammed Fayaaz, Founder, Triumphs of Talent (ToT)
Investments in upskilling and digital transformation are critical for workforce development. Budget 2025 should introduce policies that simplify compliance, encourage startup growth, and enhance job creation, ensuring India’s workforce remains globally competitive.
Ensuring Fiscal Stability and Export Competitiveness
Ramanath Manchala, Founder, Nou Expertise
To secure long-term economic resilience, India must prioritize fiscal discipline. While a weaker rupee can provide temporary export advantages, a sustainable growth strategy should focus on export-friendly policies, deregulation in manufacturing, and labor law reforms to enhance global competitiveness.
Conclusion
Union Budget 2025 has the potential to drive transformative growth across key sectors, reinforcing India’s vision of self-reliance and sustainable development. Policies that encourage innovation, simplify regulatory frameworks, and invest in infrastructure will empower startups, advance green energy adoption, and promote inclusive economic growth.
A strong emphasis on digital transformation and climate-conscious initiatives reflects India’s commitment to tackling global challenges. Strengthening healthcare and education will ensure long-term human capital development, while targeted fiscal support for businesses and rural communities will foster balanced progress.
Public-private collaboration will be instrumental in maximizing the benefits of these policies. By embracing sustainability, entrepreneurship, and inclusive development, India is well-positioned to become a global economic leader, fostering prosperity for future generations.
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