The Union Budget 2025 has set the stage for transformative economic growth, with a sharp focus on manufacturing, digital transformation, healthcare, MSME empowerment, infrastructure, and sustainability. Industry leaders across diverse sectors have lauded the budget’s bold measures, reinforcing India’s vision of ‘Viksit Bharat’—a self-reliant, globally competitive nation.
Manufacturing & Ease of Doing Business
The National Manufacturing Mission emerges as a key pillar of this budget, enhancing domestic capabilities, integrating global supply chains, and promoting Industry 4.0. Kishan Jain, Director at Goldmedal Electricals, stated, “Strengthening domestic manufacturing, improving ease of doing business, and increasing tax exemptions will drive demand and economic expansion. The support for the electronics industry and transformative reforms in power and regulatory frameworks will bolster India’s competitiveness.”
Healthcare & Medical Tourism
A renewed focus on healthcare includes establishing day-care cancer centers in all district hospitals and promoting medical tourism. Summit Salunke, Vice Chairman, Sumeet Group Enterprises, emphasized, “The healthcare sector’s growth, combined with investments in MSMEs and AI skilling, will fuel innovation and global positioning.”
Digital Transformation & AI Dominance
The government’s commitment to technology is evident in its ₹20,000 crore R&D spending, DeepTech Fund of Funds, and AI excellence centers. Siddharth Devnani, Co-Founder and Director of SoCheers, remarked, “Broadband connectivity in government schools and Atal Tinkering Labs will build a digitally skilled workforce. Increased disposable income from tax relief will accelerate digital adoption, creating a more connected consumer base.”
Maritime & Infrastructure Development
The ₹25,000 crore Maritime Development Fund, structured with government and private sector investments, aims to enhance port efficiency. Pragya Priyadarshni, Vice President, Primus Partners, said, “This will catalyze investments and strengthen India’s maritime infrastructure.”
MSMEs & Startups: The Backbone of Growth
Recognizing MSMEs as a critical engine of employment, the government has increased turnover definitions and emphasized innovation. Nilaya Varma, CEO of Primus Partners, stated, “MSMEs and startups must be seen as two sides of the same coin, with innovation and intellectual property driving their future.”
Electric Vehicles & Sustainable Mobility
The Budget champions EV growth with PM e-Bus Sewa, PM E-DRIVE, and incentives for battery manufacturing. Nikhil Dhaka, VP, Primus Partners, commented, “Exemptions on lithium and lithium-ion battery scrap will reduce costs and accelerate India’s clean mobility ambitions. However, sustained investments are crucial to match global competitors.”
Insurance & Economic Growth
Raising the FDI limit in insurance to 100% will expand coverage and boost investment. Shravan Shetty, Managing Director, Primus Partners, highlighted, “With only 36% of Indians covered by health insurance, this move will bridge gaps, particularly in rural India.”
Energy Transition & Clean Technology
The commitment to net-zero emissions by 2070 is reinforced through investments in solar PV cells, green hydrogen, and nuclear energy. Ratul Puri, Chairman, Hindustan Power, praised the initiatives, stating, “The 100GW nuclear energy target, along with mining sector reforms, will accelerate India’s energy transition while ensuring sustainable resource utilization.”
A Future-Ready India
The Union Budget 2025 is a bold step toward a resilient, self-sufficient economy driven by technology, sustainability, and inclusive growth. With industry-wide support, it is poised to redefine India’s global position, making ‘Make in India, Make for the World’ a powerful reality.
