Pre-Union Budget 2025-26 Expectations and Quotes from Market Leaders

  • Mr. Gayomard Driver – Executive Director & Group Chief Financial Officer Jeena and Company

“As a key driver of India’s economic growth, the logistics industry anticipates The Union Budget 2025 to prioritize efficiency and innovation. Simplifying GST, accelerating multi-modal logistics parks, and incentivizing green logistics are essential to align with the National Logistics Policy.

While technology will continue to be the transformative power revolutionizing logistics operations and enhancing connectivity; it is equally important to focus on the training and skill development of aspiring professionals to remain competitive in the digital era.” 

  • Mr. Jasdeep Singh, Group CEO, CARE Hospitals.

“The Union Budget 2025-26 presents a vital chance to enhance India’s healthcare system. CARE Hospitals urges increased public healthcare funding, rural infrastructure development, and expansion of Ayushman Bharat to outpatient care. Reducing GST on cancer care equipment, revising scheme reimbursements, promoting MedTech innovation, and supporting medical tourism can ensure accessible, quality healthcare for all and position India as a global healthcare hub.”

  • Saurabh Marda, Co-founder and Managing Director, Freyr Energy

The Union Budget 2025 is a pivotal moment for India’s solar energy growth. Last year was a a landmark year for the residential solar sector.  It witnessed unprecedented growth driven by the government’ PM Surya Ghar Muft Bijli Yojana. The focus should be on ensuring that sufficient domestic manufacturing capacity is there to fulfil upcoming demand. In addition to this, the entire process of loan evaluation and disbursal for residential solar loans should be digitised. Finally, the government should further streamline/standardize/digitize approvals to speed up system installation and grid connectivity timelines. A forward-thinking budget can provide the clarity and support for these items will go a long way in helping the section meet or even exceed its goals.” 

  • Gopal Jain, Managing Partner & Co-Founder, Gaja Capital, and Co-Chair of the Regulatory Affairs Committee, IVCA.

“At the pre-Budget consultation with Hon’ble Finance Minister Smt. Nirmala Sitharaman, IVCA emphasized the need to build on the positive policy momentum from the previous Union Budget to further strengthen the Indian alternate capital ecosystem.

Additionally, unlocking pools of domestic capital remains critical.

By implementing these measures and modernizing regulatory frameworks, India can pave the way for a robust and globally competitive alternative investment landscape. We remain optimistic about the government’s continued support in the upcoming Union Budget.”

  • Ashish Sahay, Country Manager & Sales Director – SEA, Wirepas
India’s IoT ecosystem is witnessing unprecedented growth as the country strives to become a $1 trillion digital economy by 2026. With over 2 billion IoT devices projected to be deployed by 2025, the demand for scalable, resilient, and cost-effective connectivity solutions is at an all-time high.

At Wirepas, we see this as a defining moment to drive innovation through our decentralized mesh technology, uniquely designed to meet India’s challenges. Our solutions already power over 4 million smart meters under the Advanced Metering Initiative (AMI), ensuring accurate and uninterrupted data collection, even in remote rural areas. This directly supports India’s energy transition goals by reducing electricity distribution losses, which currently average 20%.

The Indian smart metering market is set to grow at a CAGR of 10.2%, targeting over 250 million smart meters by 2030. Additionally, the country’s Smart Cities Mission, projected to reach $28.7 billion by 2027, relies on IoT technologies to transform urban infrastructure, energy management, and logistics.

Wirepas is proud to play a vital role in this transformation. By delivering scalable, energy-efficient, and cost-effective connectivity solutions, we aim to support India’s vision of a sustainable, interconnected future and strengthen its position as a global IoT leader.

  • Mr. Harshvardhan Tibrewala, MD, Vida Realty
With the Union Budget coming up, the real estate sector is looking forward to reforms which will enhance the housing demand as well as its affordability. Increasing the interest amount limit for home loans under tax exemption from the present amount of ₹2 lakh to at least ₹5 lakh would make a great difference for the middle income homebuyers, especially in times like this since the housing sector would benefit as more people would be looking to buy houses. Improving the availability of real estate finance and introducing GST input credits could indeed work towards achieving the goal of reducing the cost of owning a house, which has become important in the wake of cities’ annual urban housing prices inflation of about 6-8%. Besides, earmarking at least ₹10 lakh crore for infrastructure development, as part of the envisaged ₹100 lakh crore investment plan over five years, will enhance connectivity and create new corridors of growth across the country thus improving the quality of life and the economic viability of the emerging cities.

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