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Nirmala Sitharaman, Finance Minister of India, has recently presented the Indian Union Budget for the year 2025, which has drawn different expressions and commentaries from business honchos, their founders, and CEOs from various segments. Here is a brief outline of the main themes and views that have been circulated:
Overall Sentiment:
- Mixed Reactions: The budget has evoked a mixed reception as some applaud the government’s exclusive promotion of a national infrastructure and ‘Make in India’ while others mention the absence of effective measures to safeguard the employment sector and also to stimulate consumption as a major concern.
- Market Volatility: The day of the budget announcement witnessed the stock market taking an unstable turn due to high volatility and a large number of shares being transacted, which indicated the uncertainty among investors.
Key Sector Reactions:
- Startups: The move to a Rs 20,000-crore fund allocation for deep tech businesses will help the Indian startups grow, this is according to the startup community who has also very warmly welcomed this move.
- Real Estate: The real estate sector is rejoicing over the decision on removing tax that was applied to the second property if it was not occupied, and this move is one that was thought of by the experts to be beneficial for the market.
- Tax Relief: The alteration in tax bands has been presumptuously assumed as good news by employees although an unsuccessful upgrade of the monetary cycle in terms of affordability has also gotten to some according to the results of their perceptions.
Expert Opinions:
- Positive: Some experts hold the opinion that the budget, on the other hand, seems to be promising to lastingly grow the infrastructure industry and thus it would have the very good effect on the economy, in the end, they argue.
- Negative: On the flip side, some say that the government should have bridged the gap between unemployment and inflation costs and the budget, which is not coming up with the solutions for the consumption for the nation.
Opposition Reactions:
Criticism: Opposition politicians have criticized the budget for the absence of “new ideas” as well as not grappling the underlying defects of the economy. They have depicted the tax relief as nothing else but a move by the government to attract the middle class.
Initially, the Union Budget 2025 has been the subject of a more or less a varied and wide range of reactions from business leaders, founders, and CEOs. On one hand, some have applauded the government’s vision and implementation of a plan that ensures sustainable growth over the long-term, while others have criticized the absence of short-term measures to address some grave economic issues.
Keep in mind, this is a general overview of the responses to the budget. The view of each person might be different since various sectors will be prioritized by the business leaders.
For a more detailed and specific response, you can refer to the following resources:
- News articles: Numerous news articles have reported the responses of business leaders and experts to the budget. You can find these articles on the internet pages of popular newspapers and financial newspapers that are dedicated to the news of the trade and economy.
- Industry reports: The nongovernmental organizations dealing with engineering and technology and a few private companies fund may publish surveys on how the budget has been affecting various sectors.
- Social media: Besides Twitter and LinkedIn, the heated debates can also be found on Facebook and Instagram, as these platforms offer more direct interaction between experts and users.
Also, it is by means of these references that one can get a comprehensive understanding of the mindset business leaders, founders, and CEOs had towards the Union Budget 2025.
Dr. Jyotsana Singh, Ph.D. (M.Tech), MBA, Associate Dean, Computer Engineering, and Associate Dean, School of Technology Management & Engineering, NMIMS Chandigarh has analyzed the Union Budget 2025 with a reference to the project plan developed by the government for building a ₹500 crore Centre of Excellence in AI for Education.
Here’s a summary of her reaction:
Positive Outlook: According to Dr. Singh, the launch of the Centre of Excellence is fully an “epitome stage” to infusing AI into the learning ecosystem.
She thinks the initiative will revolutionize curriculum development, allowing adaptive learning and research-led pedagogy.
- Personalized Learning: According to Dr. Singh, AI-based tools can facilitate personalized learning to overcome barriers or constraints in access and skill-building in several areas.
- Education of the Future: She says the investment will make India a globally competitive workforce, with the country producing up to 1 million STEM graduates yearly.
- Wide-Ranging Impact: Dr. Singh expects that, through its interdisciplinary approach, the Centre will stimulate innovations across digital classrooms, assessment models, and teacher training, thus moving towards a future-ready education system.
Dr. Singh is excited about how states are stepping in to use AI in education to be inclusive and transformative so that students learn how to find their way confidently in an AI economy.
Ravin Saluja, Director at STERLING AGRO INDUSTRIES LIMITED (Nova Dairy Products), commented on the Union Budget 2025 in connection with its impact on the dairy sector and the farming community. Here are some points in his commentary:
- A Positive Step for Farmers: Saluja terms the increase in the Kisan Credit Card (KCC) loan limit from ₹3 lakh to ₹5 lakh as “laudable” with respect to be an extra support to India’s farmers, including dairy farmers.
- Benefits to the Dairy Farmers: He suggests that access to higher credit at subsidized interest rates will enable dairy farmers to procure better livestock and farm infrastructure which in the long run will increase productivity.
- Boosting Dairy Growth: Saluja believes that this initiative will help support rural livelihooding and will play an important part in the overall boosting of the dairy sector in India.
In all, Ravin Saluja’s reaction emphasizes the positive influence of the budget on the agricultural and dairy sectors, especially in relation to increased access to credit for farmers.
