Mr. Girish Tanti, Vice Chairman, Suzlon

“The Government budget seems to be a significant step towards achieving India's ambitious energy goals. By strengthening Aatmanirbhar Bharat across manufacturing and agriculture, with a focus on clean tech, wind, solar, EV, and battery storage, the budget aims to accelerate self-reliance in wind and solar manufacturing. The National Manufacturing Mission's targeted support for all renewable energy sources is a welcome move, as it reinforces India's commitment to a level playing field and ambitious energy goals. The expected outcomes are promising: surpassing the 500 GW target and creating nearly 3 million green jobs. Additionally, incentives for electricity distribution reforms and intra-state transmission upgrades will likely improve the financial health of power companies and enable better grid integration of renewables. This comprehensive approach should have a positive impact on India's economy and population.”

“The key word is Eco-System : the nation cannot rely on just individual solutions to achieve its green transition at lowest cost to customers. It requires a judicious mix of wind, solar, batteries and other non-fossil technologies, together with distribution reforms. And for national security, we need to build this expertise locally, requiring the build-out of all these industries at scale. We are happy that this budget recognises this need. Suzlon is keen to work with the government and together with our fellow industrial groups to realise this vision.”

Mr Saurabh Dhanorkar, Managing Director, Finolex Industries

"The Union Budget’s strong emphasis on infrastructure development, particularly through the extension of the Jal Jeevan Mission until 2028, reflects a firm commitment to sustainable water management and rural development. The focus on enhancing the quality of infrastructure and improving operation and maintenance of rural piped water supply schemes through Jan Bhagidhari is a critical step toward ensuring long-term water security. The signing of separate MoUs with states and UTs to promote citizen-centric water service delivery further reinforces this commitment.

Additionally, initiatives like the Prime Minister Dhan Dhanya Krishi Yojana, aimed at improving irrigation facilities, will indirectly support the growth of water infrastructure across agricultural regions. Together, these measures create significant opportunities for the piping industry to contribute to the development of robust, sustainable solutions that will benefit both rural communities and the broader infrastructure ecosystem."

Mr. Warren Harris, CEO & MD, Tata Technologies

“The budget's focus on establishing a National Manufacturing Mission aligns with our goal of engineering in India for 'Make in India' and enhancing the nation's self-reliance in manufacturing. This initiative is poised to attract investments and improve efficiency, positioning Indian companies as globally competitive players.

The establishment of five National Centres of Excellence for Skilling is a pivotal move in building a future-ready workforce. This initiative resonates with our commitment to engineering a better future for India's youth through investment in in-demand training programs across Industry 4.0, IoT, and advanced manufacturing, and collaborating with state governments to upgrade ITIs into technology hubs.

Additionally, the allocation of ₹500 crore for a Centre of Excellence in Artificial Intelligence for education underscores the importance of fostering innovation and research in AI, which will benefit both the education sector and the broader technology landscape.”

Mr. Niranjan Kirloskar, MD – Fleetguard Filters Ltd.

“ The Union Budget presented today, demonstrates our government’s will to boost India’s manufacturing sector. Introducing a 'National Manufacturing Mission,' with an 89% increased allocation to ₹16,092 crore, highlights our government’s dedication to improving domestic production capabilities. Extending PLI schemes to various sectors is a good strategic move to diversify and strengthen local manufacturing. The much-needed tax reforms, like higher exemptions and simplifying tax slabs, will improve consumer sentiment and spending, invariably stimulating demand for various manufactured goods.

Additionally, the announcement to set-up a centre for AI, and readying talent for Industry 4.0 will provide a much-needed impetus to all industries enabling crucial job-creation and for us to 'Make in India - For the World'. Lastly, a focus on infrastructure development and digitisation will create a more favourable environment for domestic manufacturing operations. I remain optimistic that these measures will enhance our nation’s global competitiveness, and contribute to overall sustainable economic growth!”

Mr. Rohit Gera, Managing Director, Gera Developments on real estate sector

The changes in personal tax slabs and rebates will significantly boost disposable income, enhancing homebuyers' affordability. With more disposable income available, buyers can allocate higher amounts toward EMIs, enabling them to purchase larger homes or homes in better locations.

Dual-income families aiming for homes priced between ₹80 lakh and ₹1.25 crore will experience the most significant affordability improvement. Given that homes typically cost between 4-5 times annual income, families in this segment would need an income of ₹16-20 lakh for an ₹80 lakh home and ₹25-30 lakh for a ₹1.25 crore home.

This increased disposable income enhances loan eligibility, making home ownership more accessible.

A simplified direct tax code that is easier to understand and comply with is also welcome. We look forward to the introduction of the new bill next week.

 HP SRIVASTAVA, VICE CHAIRMAN, DECCAN CHAMBER OF COMMERCE INDUSTRIES & AGRICULTURE

Increase of investment and turnover limits for MSMEs and introduction of customized Credit Card are welcome steps. Announcement of Export Promotion Mission which will be driven jointly by Ministries of Commerce, MSME and Finance is expected to help our exporters. The much anticipated relief in Income tax to middle class will leave more disposable income in their hands. This will boost household consumption and contribute to economic growth. Overall a good and growth oriented budget.

Dr. Satish Patil, 3X Entrepreneur, Founder and CEO, Kanlet Technologies

Today's budget announcement solidifies our expectation of 6.6% of GDP growth in 2025-26.

This budget boldly addresses the need of the hour: putting money into the hands of the middle class through meaningful tax reliefs. This will energize consumption and growth at a critical time for the Indian economy. Easing tax norms, especially exempting income tax on earnings up to ₹12 lakh, is a welcome move.

The significant step towards strengthening India's startup ecosystem is the announcement of a 100 billion rupee ($1.16 billion) Fund Of Funds and the exploration of a dedicated Deep Tech fund in the Union Budget 2025.

This initiative will provide much-needed capital to startups working on new technologies such as AI, robotics, blockchain, and clean energy.

The easing of tax norms, particularly the exemption of income tax on earnings up to ₹12 lakh, is a positive step.

Kirang Gandhi, Pune-based financial mentor

Budget 2025 paves the way for Vikshit Bharat with a bold vision of a 4.4% fiscal deficit target ₹10.18 lakh crore capex and 100% FDI in insurance. The 12 lakhs tax-free income is a game changer, boosting consumption and middle-class savings. With infrastructure, policy reforms and capital infusion as four growth engine, India accelerates towards prosperity. This is not just a budget; It’s a blueprint for a stronger self-reliant India.