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The Union Budget 2025 has sparked a range of reactions from experts across different sectors, praising its emphasis on economic resilience, tax rationalisation, and growth initiatives.
Praveena Rai, MD and CEO, MCX, commended the government’s focus on tax reforms and skills development. She highlighted the move to remove Basic Customs Duty on waste and scrap of metal commodities, such as copper and zinc. This, she believes, will boost the circular economy, enhance raw material supplies, and support domestic manufacturing, while promoting overall economic growth.
Vamsi Krishna UV, CEO, StoxBox, expressed optimism about the stock market, citing the government’s focus on infrastructure, innovation, and fiscal prudence. He believes that these elements will stimulate domestic consumption, attract foreign investment, and position India as a lucrative space for investors amid ongoing digitalisation and sustainability efforts.
On the other hand, Yuvraj Thakker, Managing Director of StoxBox, lauded the bold tax relief measures for the middle class, particularly the exemption of incomes up to ₹12 lakh from income tax. He anticipates this will boost household savings, investments, and strengthen financial markets. Thakker also noted the government’s focus on infrastructure and foreign direct investment (FDI) in the insurance sector, which he believes will foster a more investor-friendly environment.
Ramadass Selvaraj, COO, Pathfinder Global, highlighted the budget’s positive impact on the retail sector, particularly through increased disposable income due to the revised tax slabs. He foresees increased consumer spending, especially in retail and e-commerce, and is excited about the future of India’s digitally-driven retail landscape.
Overall, experts agree that the Union Budget 2025 sets the stage for significant growth opportunities across sectors, with a particular focus on boosting domestic consumption, investment, and infrastructure development.
