Union Budget 2025 Reaction From The Industry Stalwarts

Sahil Saharia, CEO, Bengal Shristi Infrastructure Development Ltd.
“The introduction of the ₹1 lakh crore Urban Challenge Fund is a welcome step toward transforming cities into dynamic growth hubs. This initiative will accelerate urban redevelopment, improve infrastructure, and enhance water and sanitation facilities, making cities more sustainable and livable.
Additionally, the new tax regime, with its simplified structure and potential savings for taxpayers, could improve homebuyers' purchasing power. With higher disposable income, more individuals may consider investing in real estate, providing a much-needed boost to the housing sector. This, combined with the government’s focus on urban infrastructure, is expected to drive demand and contribute to overall market growth.”

Debashis Dhar, Senior Vice President, GPT Healthcare Limited (ILS Hospitals)
"The government's move to grant concessional duty advantages to essential medications and exclude 36 life-saving medications from basic customs duty is a praiseworthy step towards making essential healthcare more affordable. India's healthcare workforce will be greatly strengthened by the creation of 75,000 new medical seats, guaranteeing improved access to high-quality medical treatment. Additionally, the opening of 200 day-care cancer centres will improve early diagnosis and treatment results by giving cancer patients much-needed assistance. When taken as a whole, these programs represent a revolutionary change towards a stronger, affordable and more inclusive healthcare system."
 
Prof. Manoshi Roychowdhury, Co-Chairperson, Techno India Group
“The Union Budget 2025 has introduced several transformative initiatives for the education sector, aiming to enhance accessibility, skill development, and technological integration. The Bharatiya Bhasha Pustak Scheme will provide digital-form Indian language books to help students better understand their subjects in their native languages, promoting linguistic diversity. The establishment of National Centers of Excellence for Skilling, in collaboration with global experts, will equip youth with the skills required for advanced manufacturing, driving the Make for India vision. The expansion of IIT infrastructure, including the addition of 6,500 student seats and enhanced facilities across various IITs, will further strengthen India’s premier institutes of higher learning. Additionally, the Rs 500 crore allocation for a Centre of Excellence in Artificial Intelligence for Education will revolutionize learning by integrating AI to personalize educational experiences, improve outcomes, and support data-driven decision-making. These steps collectively underscore the government’s commitment to building a robust, inclusive, and future-ready education system in India.”

Vinod Kumar Gupta, Managing Director, Dollar Industries Ltd
“The Union Budget 2025 focuses on enhancing economic growth through significant tax reforms, agricultural missions, and social security for gig workers. The emphasis on technology upgrades and tariff adjustments aims to bolster our traditional textile sector. The Cotton Productivity Scheme will rejuvenate cotton farming and boost quality production. Together, these measures will drive prosperity and competitiveness across industries.”

Rishi Jain, Managing Director, Jain Group
"One lakh crore Urban Challenge Fund will play a key role in boosting investments, infrastructure, and redevelopment in cities, turning them into growth magnets. Tourism will be increased by integrating hospitality into infrastructure and promoting the top 50 tourist spots. By adding 120 more locations, UDAAN will boost local economies and create jobs. Higher disposable income and a more straightforward tax system will make homes more affordable, which will increase demand for real estate and spur economic expansion."

Sanjay Jain, Managing Director, Siddha 
“The Budget 2025 has set a transformative course by empowering the middle class with enhanced disposable income, thus leaving additional cash- flow with aspirational homebuyers. This forward-thinking move is expected to boost consumer spending power, fostering growth in the housing sector and unlocking new opportunities for families to achieve their homeownership dreams.”