Finance Minister Nirmala Sitharaman The general budget presented by the Indian industry has also received positive response from veterans. The Indian industry appreciated the budget, calling the budget inclusive, economic development and reforms. The industry has appreciated the insistence on the income tax exemption limit 12, the emphasis on capital expert (capex) and steps in rural India. Let us know that the industry’s response to the budget.
Financial security of families will increase
On the Union Budget, Tata AIA Life Insurance Managing Director and Chief Executive Officer Venki Iyer said that the Finance Minister presented the development -oriented budget keeping the financial deficit at 4.4%. The middle class will promote a huge discount of ₹ 1 lakh crore in targeted personal tax relief, and enable families to invest in their financial security.
Parthasarathy of Tech from Forwis Mazars in India said that the government’s focus on AI and technological innovation in the budget 2025-2026 represents a major jump for India’s digital scenario. With an allocation of ₹ 500 crore, the establishment of the Center for Artificial Intelligence in Education is an important step in integrating AI into the educational structure and shaping future leaders in technology.
Yashoda Super Specialty Hospitals, CMD of Kaushambi, Dr. P.N. Arora said that in budget 2025-26, we appreciate the steps taken by the government to strengthen the health sector. Especially, the announcement of opening a 200 day-care cancer center in district hospitals is a major decision, which will make cancer early identification and treatment easier, especially in remote areas. In addition, treatment for patients will be cheaper for custom duty exemption on 36 important medicines and less tax on cancer drugs.
Manoj Gaur, CMD of Gaur Group and Chairman of CREDAI National, said that the budget 2025 shows that the government is serious to enhance the economy, strengthen infrastructure and maintain financial stability. Steps taken for start-ups and employment generation, as well as cuts in income tax slab, these measures will increase the availability of money in real estate sector and will also increase people’s desire to buy homes.
Income tax exemption will increase demand
Vikas Garg, Joint Managing Director, Ganga Realty said that we welcome the Union Budget 2025 which has brought a significant boost for the real estate area, especially home buyers. Tax exemption on income up to ₹ 12 lakh is a major change for middle class families. This will increase the disposable income of the people, which will encourage those who buy the house for the first time and will be more accessible to buy the house than before.
Summary Trehan, Managing Director, Trehan Group said that tax waiver has been given on income up to ₹ 12 lakh. This step will increase a significant increase in disposable income, which will make it possible to get the ownership of the house for the first time home buyers. The government is stepping in a right direction to continuously emphasize affordable housing.
Manju Yagnik, Vice President of Nahar Group and Senior Vice President of NAREDCO-Maharashtra, said the Union Budget 2025-26 confirms the government’s commitment to pay strategic attention to inclusive development, economic growth and consumption. For FY 26, Finance Minister Sitharaman has allocated ₹ 11.21 lakh crore, confirming the government’s focus on infrastructure development and economic development.
Gaurav Dubey, founder and CEO of Livelong 365, said the Union Budget 2025 makes a significant promise for India’s Health Service Ecosystem, with major announcements that can give a new look to the health insurance sector. Increasing the FDI limit to 100% is an important step for insurers who invest fully in fully investing in India. The move will bring new capital in the insurance sector and boost innovation, which will eventually benefit consumers by expanding the limit of affordable health insurance options.
Dr. RG Aggarwal, Chairman Emeritus, Dhanuka Agritech Limited said that we are very appreciated by the government’s initiative to make India the world’s food stores. Money grain agricultural scheme is an important step towards rural prosperity for 1.7 crore farmers in 100 low productivity districts. Edible oil missions enabled farmers to make procurement agreements with agencies such as NAFED and NCCF, provide price protection, increase domestic oilseeds and increase India’s export power. The government’s move to increase vegetable production to match increasing consumption is also commendable.
NAREDCO National President G Hari Babu said, “We appreciate the budget presented by the government, in particular, the government has taken a good step through Swamih Fund 2.0, in which the financial crisis to complete the already stuck residential projects due to the financial crisis.” Additional ₹ 15,000 crore has been fixed for. Under the current SWAMIH Fund Scheme, 50,000 residential units have been completed in such threatened projects, and additional 40,000 units are to be completed in 2025. The move directly benefits middle class families, many of which are paying rent for alternative housing as well as EMI of home loans. Under the new system of income tax, the decision to exempt income up to Rs 12 lakh from tax is an important incentive for the middle income group, which makes the ownership of the house more accessible and encourages investment in the housing sector.
Dr. Nitesh Kumar MD and CEO Emami Realty Limited, said that the 2025 budget is a transformative milestone in reviving the real estate sector. Increased allocation for Swamih fund, as well as acute attention to affordable housing, is a visionary strategy that meets pressure needs.
Budget’s main attraction infrastructure
Dr. Niranjan Hiranandani, Chairman, Naradco and Hiranandani Group, said that the main attraction of this budget is its unwavering focus on improving the infrastructure. In particular, it encourages the purchase of second flat, which promotes real estate investment. In addition, the introduced projects of SWAMIH Fund 2.0 tries to reduce the burden on the home buyers by completing the stalled projects, while the increase in TDS up to ₹ 6 lakh has been promised to promote fare investment. By accelerating the merger and acquisition, the budget aims to launch new real estate projects under the innovative business model. Additionally, addressing the skill gap through the installation of new centers of excellence will help to bridge the increasing gap of talent.
Electric vehicle industry will get a boost
HS Bhatia, Managing Director, Devu India said that budget announcements are going to promote India’s development saga significantly. Tax bonus for middle class, with zero income tax liability for people with annual income up to Rs 12 lakh, will increase spending and increase consumption. Lithium battery exempted from basic custom duty will boost the electric vehicle industry and boost sustainable development.
Amol Bansal, the founder of Myoldal, said, “Budget 2025-26 lays a strong foundation for economic development, including taxation, infrastructure and commendable improvements in support for MSMEs and Startups.” Ease of doing business, digitization and focus on financial inclusion will undoubtedly promote entrepreneurship and economic participation. For MSME, increased credit guarantee plans and tax reliefs are welcome steps, which enable small businesses to move forward. Continuous efforts for digital transactions and financial reforms further strengthen India’s economic structure.
Will help complete stalled projects
Hero Realty CEO Madhur Gupta said that the latest budget allocation of the government, especially ₹ 15,000 crore Swamih Fund 2, will give a very important boost to the real estate sector by fulfilling the stalled projects and restoring the trust of home buyers. A urban challenge fund of ₹ 1 lakh crore is a transformational step towards developing cities prepared for the future, which makes them a lively economic center. Additionally, PPP will increase the urban connectivity of ₹ 1.5 lakh crore for infrastructure projects and will increase the demand for real estate. These measures collectively strengthen the development of the sector and align with India’s perspective of sustainable urban development. “
Mid-incomplete housing will be promoted
Manik Malik, CFO, BPTP said, “For middle class families in India, construction of 50,000 housing units under special winds for mid-incom-housing and an additional 40,000 units in 2025 are a major milestone. By reducing the joint financial stress of rent and EMI, these initiatives help home buyers to gain their confidence. In addition, ₹ 1 lakh crore urban challenge fund, which has ₹ 10,000 crore separate for FY 2025-2026, has the capacity to convert our cities into vibrant centers of development. The cities will become more lustful and attractive as a result of this important investment in urban infrastructure. ”
Government presented a balanced budget
Ravi Saxena, Co-Founder and CEO, Wondershef said that the government has presented a balanced but effective budget in the time of this global uncertainty. Special attention has been paid to procedural and regulatory reforms to make business easier. Public-private participation (PPP), which has been slow for the last few years, has been given priority again. Capital expenditure (capex) has been increased by 10% for infrastructure, which is similar to the previous year, but other important steps have also been taken to implement it better. Relief given to the middle class is quite large, which will increase their spending ability, which is the greatest need of this time.
Anantram from Manasum Senior Living said that the income tax slab has been increased to ₹ 12 lakhs, which will give more disposable income, which will give a boost to the expenditure and economy. Doubling the limit of ₹ 1 lakh will benefit senior citizens, which will increase their ability to spend. High taxable income slab for employees will also promote employment growth. Additionally, an increase in TDS slab for rental income will benefit landlords, especially senior citizens, which will give them more spending income through their rent apartments. The foreign tour tax slab has also increased from ₹ 7 lakh to ₹ 10 lakh, which will promote various sectors like education.
Dr. Praveen Gupta, Principal Director and Chief of Neurology, Fortis Hospital said that the government has decided to make customs duty with discounts and rate cuts on life -saving medicines in this budget, it is certainly commendable Is. This is a very welcome step especially for rare diseases. This will make advanced treatment more accessible for patients and institutions, which will reduce the financial burden. Apart from this, the announcement of 200 decar cancer centers in district hospitals will improve the reach of cancer care in the deprived areas. We also appreciate the expansion of medical education this year with an additional 10,000 seats and a target of 75,000 seats in five years, which fulfills the growing need of trained professionals in neurology and other important features.
D.S. Negi, CEO, Rajiv Gandhi Cancer Institute and Research Center (RGCIRC) said that the government’s continuous efforts for extensive improvement in healthcare are commendable. In the budget, the announcement of setting up of day-care cancer centers in all district hospitals in the next three years is an important step. In the year 2025-26 itself, the treatment of cancer with the establishment of 200 new centers will be more accessible and economical, especially for the economically weaker section patients. In addition, an increase of 75,000 new medical seats in the next five years and 10,000 additional seats in FY 2025-26 are an important step towards strengthening the medical structure in the country. This major expansion in medical education opportunities will meet the increasing demand of health workers.
People’s shopping capacity will increase
Shailendra Sharma, MD, Renox Group said that the increase in the scope of Swami Fund will help in completing the stalled projects. There will be encouragement to those who buy homes due to savings in income tax. At the same time, Suresh Garg, CMD, Nirala World said that the increase in income tax limit will increase the purchase capacity of the general public. Swami Fund -2 to 15,000 crore has been arranged to increase infrastructure in the country and complete the stalled project. These efforts will have a positive impact on the real estate sector. Dinesh Gupta, Secretary, CREDAI Western UP said that the decision to increase the tax slab is very positive, which is in the interest of those who buy the house in every way. The decision to increase the fund for the stock project will give a booster dose to the housing.
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