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Published 08:44 IST, January 27th 2025

Budget 2025 : What Are The Expectations Of Different Sectors?

The real estate, income tax, energy, startup, etc sectors are all looking forward to the budget of 2025 with their set of expectations

Reported by: Business Desk
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Union Budget 2025
Union Budget 2025 | Image: Republic Digital

The real estate, income tax, energy, startup, etc sectors are all looking forward to the budget of 2025 with their set of expectations. While some expect regulatory reforsm, others expect a tax cut, and some others expect ground level support from the government. Read here to figure out what the industry leaders want from the upcoming budget.

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The real estate, income tax, energy, startup, etc sectors are all looking forward to the budget of 2025 with their set of expectations. While some expect regulatory reforsm, others expect a tax cut, and some others expect ground level support from the government. Read here to figure out what the industry leaders want from the upcoming budget.


14:13 IST, January 27th 2025

Budget 2025 : D. S. Negi, CEO, Rajiv Gandhi Cancer Institute & Research Centre (RGCIRC)

D. S. Negi, CEO, Rajiv Gandhi Cancer Institute & Research Centre (RGCIRC) comments on healthcare expectations of the healthcare sector, "The budget must prioritize digital health solutions such as telesurgery, electronic health records (EHRs), and AI-driven diagnostic tools to improve healthcare delivery. There should also be a strong focus on enhancing nationwide cancer screening programs and providing access to cutting-edge treatments like immunotherapy and personalized medicine.

Increasing healthcare spending to 2.5% of GDP, along with robust policy measures, is essential for creating a resilient healthcare system. Comprehensive support for cancer survivors—through rehabilitation, mental health services, and survivorship programs—will further improve their quality of life. High import duties on medical equipment, reaching up to 36%, significantly increase treatment costs, particularly for mid-sized operators and smaller cities. The Budget should provide relief from these duties to enable more hospitals acquire high-end equipment, making treatments more affordable and accessible."
 


14:00 IST, January 27th 2025

Budget 2025 Expectations : Kushagra Srivastava, Founder, Chakr Innovation

Kushagra Srivastava, Founder, Chakr Innovation on expefctations of  Cleantech & RECD Manufacturing Industry, "The cleantech sector is keenly observing the potential support for industries committed to sustainability. Initiatives like the PM-KUSUM Scheme and the National Solar Mission have laid the foundation, but additional incentives such as tax benefits, grants, and subsidies will encourage more organizations to transition toward green solutions. Promoting self-reliance under Atmanirbhar Bharat while reducing dependency on external resources will further strengthen India's economic resilience. A focused approach in this direction will not only drive environmental health but also establish India as a leader in sustainability and innovation."



13:56 IST, January 27th 2025

Anuraag Saxena, CEO EGF On Budget Expectation Of Online Gaming Industry

"In the Union Budget 2025-26, we urge the government to prioritize rational tax policies that could enhance the sector’s contribution to the economy while ensuring player protection and responsible gaming practices. With the potential to contribute Rs 75,000 crores in GST over the next five years, the online gaming industry is a crucial catalyst for economic advancement, aligning perfectly with the Hon’ble Prime Minister’s clarion call for a Viksit Bharat", said, Anuraag Saxena, CEO EGF (E-Gaming Federation)


13:46 IST, January 27th 2025

Rajamani Krishnamurti, President of the Indian Stainless Steel Development Association (ISSDA) On Budget Expectations

Rajamani Krishnamurti, President of the Indian Stainless Steel Development Association (ISSDA) said, stated , "The stainless steel industry is integral to India’s infrastructure and sustainability goals. By prioritizing Life Cycle Cost Analysis in public projects and implementing supportive policies, the government can transform the sector into a global powerhouse, contributing significantly to India’s Atmanirbhar Bharat mission."
 



12:23 IST, January 27th 2025

Budget Expectations: Amit Jain, CEO & Country Manager, ENGIE India

"With renewable energy emerging as a cornerstone of India’s energy security and climate resilience, the Union Budget 2025 presents a pivotal opportunity to reinforce the nation’s commitment to ‘green growth.’ It is essential for policy measures to ensure sustained financial support and industry incentives, enabling the sector to maintain its impressive growth trajectory. 

At ENGIE, we remain optimistic about the potential introduction of long-term tax incentives.  Expedited land acquisition processes and streamlined approval mechanisms for large-scale renewable energy initiatives are equally crucial to accelerate India’s progress toward its net-zero commitments.

As India takes a leading role in the global climate action agenda, we believe that Budget 2025 can unlock greater investments, foster technological innovation, and empower communities with clean, affordable energy solutions. A clear roadmap for energy storage solutions and grid modernization will be essential in addressing intermittency and scalability challenges, ensuring the resilience and sustainability of the renewable energy ecosystem," Mr. Amit Jain, CEO & Country Manager, ENGIE India.
 


12:23 IST, January 27th 2025

Budget Expectations: Shyam Sharma, CFO of O2 Power

"With the Union Budget on the horizon, we anticipate measures to fast-track India’s journey toward achieving its 500 GW renewable energy capacity by 2030. Extending the concessional 15% tax rate under Section 115BAB by five years would be a significant boost. Addressing long-term financing challenges is equally critical—reinstating lower withholding tax rates on external commercial borrowings and INR-denominated bonds could ease debt-raising for renewable projects.
On indirect taxation, GST exemptions for corporate guarantees to secure project SPV loans and classifying Renewable Energy Certificates and Carbon Credits as GST-exempt securities would provide much-needed relief.
Additionally, reconsidering the RBI’s draft circular on increased provisioning for infrastructure projects and creating a dedicated priority sector lending category for renewable energy could enhance funding access and reduce costs for the sector," Shyam Sharma, CFO of O2 Power



12:23 IST, January 27th 2025

Budget Expectations: Simarpreet Singh, Executive Director & CEO - Hartek Group

“The Indian government has made significant strides in supporting the renewable energy sector, particularly solar power. According to MNRE data, India’s total renewable energy capacity stands at 214 GW as of December 2024, with solar energy contributing approximately 47% of this total. This progress reflects the country's strong commitment to clean energy and sustainability. To maintain and accelerate this growth, it is crucial for the upcoming budget to prioritize financial incentives for large-scale renewable energy projects and strengthen the focus on domestic solar manufacturing. Targeted measures, such as continued support for production-linked incentive (PLI) schemes and infrastructure development, will drive private sector participation, foster innovation, and enhance India’s manufacturing capabilities. These steps will ensure that India not only sustains its momentum but also strengthens its position as a global leader in the renewable energy transition," Mr. Simarpreet Singh, Executive Director & CEO - Hartek Group
 


12:23 IST, January 27th 2025

Budget Expectations: Akshay Hiranandani, CEO, Serentica Renewables

“As India advances towards its ambitious net-zero goals, the upcoming Union Budget presents a critical opportunity to strengthen the renewable energy ecosystem. We urge the government to support the sector by absorbing part of the incremental costs associated with building transmission infrastructure necessary to accommodate increasing renewable capacity. This will help reduce the cost of delivered renewable power for customers. Additionally, we request the government to consider providing concessional financing for projects, particularly hybrid solutions integrating wind, solar, and storage," said Mr. Akshay Hiranandani, CEO, Serentica Renewables. 
 



11:49 IST, January 27th 2025

Er. Koneru Satyanarayana, Chancellor, KL Deemed to be University On Budget Expectations From Education Sector

Er. Koneru Satyanarayana, Chancellor, KL Deemed to be University said, "The expectations from Budget 2025 for higher education focus on major improvements. There is a strong push to strengthen the National Education Policy (NEP) 2020, with more funding for curriculum updates, faculty training, and promoting the Indian Knowledge System. 

Increasing partnerships between colleges and industries is a priority, helping students gain skills needed in the job market. The budget should also increase financial aid and use technology to ensure fair access to education for all, especially in rural areas. More investments in infrastructure, including more seats and better facilities, will help achieve the target of increasing the Gross Enrolment Ratio (GER). The budget is expected to focus on hiring more teachers, supporting global partnerships, and improving India’s position in international education."


11:47 IST, January 27th 2025

Rohit Mahajan, Co-Founder PlutosONE On Fintech Industry's Expectations

Rohit Mahajan, Co-Founder plutosONE said about fintech industry's expectations from Budget 2025 “Union Budget 2025 presents a transformative opportunity to deepen digital payment adoption in tier-2 cities and beyond, unlocking the next wave of growth. By incentivizing partnerships between fintechs and banks, the government can harness fintechs’ product innovation and banks’ outreach to extend digital payment innovations to the last mile. MSMEs are the 'lifeblood' of India's economy and their major requirement is credit accessibility. 

Platforms like Trade Receivables Discounting Systems (TREDS) by converting it to cash actually will be proven quite precedent in working capital financing. We request the government to make some incentives in favour of the fintechs so that they can encourage MSMEs (Micro, Small, and Medium Enterprises) to shift to TREDS fully ensuring certain back-up measures in everything they lack needed to move forward. This will not only empower several MSMEs but will also fast-forward the dream of financial inclusion throughout the country and catalyze sustainable growth in the whole economy."



11:51 IST, January 27th 2025

Yogesh Mudras, Managing Director of Informa Markets On Budget Expectations From Renewable Energy Sector

Yogesh Mudras, Managing Director of Informa Markets in India, shares his insights and expectations for the Renewable Energy industry, “To stimulate demand, we urge the government to introduce tax relief measures that boost disposable income and consumption. A reduction in GST from 3% to 1% would significantly ease the financial burden on businesses and consumers alike, particularly in rural regions.

Moreover, a concessional GST rate for lab-grown diamonds would emphasise their sustainable and cost-efficient attributes, fostering innovation and aligning with global trends. Additionally, we anticipate proactive steps to curb unaccounted transactions in the retail jewellery sector, ensuring a more transparent and equitable business environment. Such initiatives would not only strengthen the industry's foundation but also propel it toward a vibrant and prosperous future. 

Informa Markets remains committed to supporting this dynamic sector by organising world-class trade events and fairs that showcase India’s unparalleled expertise in jewellery, gems, and pearls to a global audience. As stakeholders in this vibrant industry, we are optimistic about a budget that prioritises innovation, sustainability, and growth, driving India’s Gems and Jewellery sector to new heights."


11:08 IST, January 27th 2025

Vyom Agarwal, President, ACE-Action Construction Equipment Ltd On Expectations Of Manufacturing Sector

Vyom Agarwal, President, of ACE-Action Construction Equipment Ltd  said, "As we look ahead to Union Budget 2025, we anticipate to continue the trajectory set by previous budgets, with a strong focus on accelerating infrastructure and manufacturing growth. 

Key to this will be easy access to credit and the implementation of uniform GST for MSMEs, which are crucial to driving employment and economic growth. The government's continued investment in defence, particularly in line with the ‘Make in India’ initiative, will further bolster self-reliance. 

Additionally, a stronger push towards green hydrogen with increased funding and financial incentives will help position India as a global leader in clean energy. We also anticipate a more focused approach to fair trade policies, including stronger anti-dumping measures to protect domestic industries. These steps will enhance India’s competitiveness in global markets, making significant strides towards realizing the 'Viksit Bharat' vision and driving long-term economic prosperity."



11:05 IST, January 27th 2025

Sanjay Kumar Sinha, Founder and Managing Director, Chaitanya Projects Consultancy On Expectations From Infrastructure Sector

Sanjay Kumar Sinha, Founder and Managing Director, Chaitanya Projects Consultancy says on budget expectations from infratsructure sector, "As we look forward to the Union Budget 2025 with high expectations for accelerating infrastructure growth. A key focus should be on modernizing the Indian Railways network, improving passenger services, and expanding regional connectivity, with a strong emphasis on reducing carbon emissions. 

The government must prioritize infrastructure spending, with an increased budgetary allocation to unlock economic potential and drive long-term growth. Additionally, creating investor-friendly public-private partnership (PPP) models in core sectors will be essential for attracting investments and accelerating project execution. 

Strengthening key sectors such as roads, railways, and airports will be crucial in driving India’s economic transformation. By fostering collaboration and boosting technological integration, the government can ensure efficiency and sustainability in infrastructure development. With these initiatives, India will be better positioned to achieve its vision of becoming a $7 trillion economy by 2030, paving the way for inclusive, sustainable growth."


11:02 IST, January 27th 2025

Paritosh Ladhani, JMD, Sincere Developers On Budget Expectations In Hospitality Sector

Paritosh Ladhani, JMD, Sincere Developers said on expectations of hospitality sector, "With the Union Budget 2025 on the horizon, we anticipate reforms that will stimulate the hospitality sector, particularly through tax adjustments like merging the 18% GST category with the 12% for hotels to boost domestic and inbound tourism. Recognizing hospitality as an industry could unlock significant growth, improving access to finance and fostering development in tier II and III cities, which will further bolster tourism and employment. Strategic measures in this budget are crucial for the sector’s role in achieving the $3 trillion tourism GDP vision by 2047." 



11:01 IST, January 27th 2025

Pankit Desai,CEO Cofounder, Sequretek On Cybersecurity Expectations

Pankit Desai,CEO Cofounder, Sequretek, a cybersecurity company, "The finance minister must prioritize cybersecurity in the upcoming budget. Given India’s alarming rank among the top four global victims of deepfake and digital arrest attacks, raising awareness about these threats is more important than ever. As the Prime Minister highlighted with "Digital Arrests," increasing public and industry consciousness is key.  

Despite policies, local cybersecurity ecosystems face significant hurdles and need more governmental support, particularly in procurement processes that impede Indian-origin companies from effectively bidding for government contracts. These policies must be revised to foster a more inclusive environment for domestic cybersecurity firms.

The other one is that, while educational institutions have made strides in offering cybersecurity courses, practical skills remain underdeveloped. By supporting educational initiatives to provide hands-on experience, the government can ensure that students graduate with the practical skills required to bolster India’s cybersecurity defenses. 

More investment in cybersecurity infrastructure at educational institutions can enhance real-world readiness. With strategic investments, India can reinforce its cybersecurity defenses and talent."


10:59 IST, January 27th 2025

Ankur Mittal, Co founder, Inflection Point Ventures On Budget 2025

Ankur Mittal, Co founder, Inflection Point Ventures, said, “Tax parity between both domestic and international funds is critical to building a strong alternative investment environment in India. Harmonizing the tax treatment of international and local investors in Indian Alternative Investment Funds (AIFs) will not only provide a fair playing field, but will also boost India's appeal as a competitive global capital destination. By addressing the underlying disparity, the government can demonstrate its commitment to inclusion, economic change, and long-term growth in the investment environment.”



10:57 IST, January 27th 2025

Rajesh Ganesan, President, ManageEngine - Budget Expectations

Rajesh Ganesan, President, ManageEngine said, “With AI becoming an inevitable part of technology services reaching the masses, India needs to invest in making AI work in Indic languages and we believe considerations in the budget for companies innovating in this space will motivate them and make a big difference. This year, there is a stronger pursuit of ESG (Environmental, Social, and Governance) goals. We hope the budget prioritizes sustainability initiatives that strike a balance between technological innovation and environmental responsibility. With AI's rise, there is an increasing need for GPUs, and energy consumption is expected to soar, making it crucial for organizations and the government to collaborate on extending sustainability goals. Policymakers must invest in helping businesses scale AI adoption effectively.

We also hope the budget will emphasize the need for robust cybersecurity, especially when India lacks talent and expertise, leaving us vulnerable to state sponsored and other motivated attacks. Incentives and provisions in the budget specifically for cybersecurity should elevate the nation's cybersecurity posture. By addressing these critical priorities, India can strengthen its global competitive edge while fostering innovation and operational efficiency. We look forward to policies that empower businesses to align with global trends and accelerate growth in an increasingly digital landscape.”


10:29 IST, January 27th 2025

Paddy S Padmanabhan said, Director at Padmaja Financial Services Private Limited On Budget 2025

Paddy S Padmanabhan said, Director at Padmaja Financial Services Private Limited said on India's Biogas industry, “1) Presently IT is exempted for five years. This has to be increased to ten years. At the current electricity tariff waste to electricity projects are not profitable. Tax exemption for  ten years will benefit all these projects. 2) GST on input purchases are at 12% for machinery and 18% for civil works. The gas sales attracts a GST of 5%. Though the excess GST can be adjusted in future sales, the GST for all capital expenditure should be reduced to 5%. This will greatly benefit waste to gas projects. 3) Electricity sales has no GST  where as purchases are charged at 12%. thus the input GST remains unadjusted and this increases the project cost and reduces profitability. Input GST for waste to electricity project should be fully exempted. These steps would improve the project profitability and thus attract more investors. Thank you.”



10:25 IST, January 27th 2025

Dr. PN Arora, CMD, Yashoda Super Speciality Hospitals, Kaushambi On Budget Expectations

Dr. PN Arora, CMD, Yashoda Super Speciality Hospitals, Kaushambi, said, “As one of India’s largest sectors, both in terms of revenue and employment, the healthcare sector has witnessed unprecedented growth. Ahead of the forthcoming budget, we expect the government to reduce input GST on healthcare services. Besides, recent reports highlight the significant discrepancy between premiums collected and claims paid by insurance companies underscoring the urgent need for reform in India’s healthcare sector. We expect the government to focus on the concern and take certain measures to bridge this gap. Further, increased funding for public health facilities, along with incentives for private-sector collaboration, can improve access to quality care. A focused approach toward enhancing infrastructure in underserved areas will ensure better healthcare outcomes for all citizens.”


10:24 IST, January 27th 2025

Nishant Kumar , Co-Founder Earthytweens On Budget Expectaions

Nishant Kumar , Co-Founder Earthytweens says, “We anticipate the upcoming budget to strengthen India’s startup ecosystem. The sector is also optimistic about the introduction of tax incentives, enhanced access to credit, and forward-looking policies aimed at fostering innovation and generating employment. With the right government support, startups have the potential to drive significant economic growth and elevate India as a global leader in innovation.” 



08:43 IST, January 27th 2025

Manoj Gaur, President CREDAI NCR and CMD, Gaurs Group On Real Estate Expectations

Manoj Gaur, President CREDAI NCR and CMD, Gaurs Group says "In many ways, real estate mirrors the country's economic progress. Therefore, we expect the government to infuse new vigour into India’s economic development. One of the major demands of the sector is the rationalisation of stamp duty, which has increased significantly in recent years and is causing a big financial burden on buyers. Further, a revision of the current deduction limit from 1.5 lakh to 5 lakh under section 80(c) to ease home ownership experience should also be considered.

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Updated 14:13 IST, January 27th 2025