- By Aditya Pratap Singh
- Tue, 21 Jan 2025 12:31 PM (IST)
- Source:JND
Union Budget 2025: The budget session of Parliament will commence on January 31 and continue till April 4 with Finance Minister Nirmala Sitharaman presenting the Union Budget on February 1. The session will commence after President Droupadi Murmu will address the joint sitting of two houses of Parliament on January 31.
As the budget day is approaching, experts and businessmen across the sectors- Infrastructure, Banking, Finance, Tech, Fintech etc- are expressing their demand and expectations from the budget 2025.
Meanwhile, a business owner in the infrastructure sector expects that the government would focus on tax relief, fund allocation and policies for sustainable development.
Sanjay Kumar Sinha, Founder and Managing Director, of Chaitanya Projects Consultancy demands the government should pay attention to modernising the Railway network.
"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," said Sanjay Kumar Sinha.
"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," he added.
Manish Mehan, CEO and MD of TK Elevator India demand tax relief, and increment in funding.
" As the Union Budget- 2025 approaches, the Indian real estate industry is eagerly anticipating key measures to revive affordable housing, streamline regulatory processes, and stimulate market demand. Among the primary expectations are enhanced tax reliefs, increased funding, and the long-awaited grant of industry status to real estate. With the sector contributing nearly 7% to India’s GDP, these initiatives are expected to not only strengthen the real estate industry but also fuel the growth of allied sectors, such as the elevator industry, and significantly support the nation’s broader economic development,” said Manish Mehan.
Vyom Agarwal, President, of ACE-Action Construction Equipment Ltd, expects the government to focus on accelerating infrastructure and manufacturing growth.
“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," said Vyom.
"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,” he added.
Pradeep Misra, Chairman & Managing Director, of Rudrabhishek Enterprises Limited says, " In successive budgets, we have seen the emphasis on infrastructure which is most certainly going to continue in this year’s Union Budget also. With the GDP growth rate witnessing a slowdown in the current financial year, enhanced budgetary allocations for infrastructure are crucial. This will not only stimulate growth across industrial segments but also create substantial direct employment opportunities."
"Amid decelerating economic growth in the past few quarters and devaluation of the Indian Rupee, it is important that the government comes up with measures to increase our exports and control the trade balance. For this purpose, the budget should introduce policies to support ‘export-oriented MSMEs’ by giving them the benefits of the PLI (Production Link Incentives) scheme. If the MSMEs get adequate support in terms of investment, technology and tax benefits, their output and quality can match international standards resulting in a massive push to exports," he added.
