Sunday, March 23, 2025

RIGHT blend, feels India Inc

With government initiatives increasingly aligning with the dynamic needs of both businesses and society, the corporate world is hopeful that the outcomes of the Budget will accelerate India’s transition to a $5 trillion economy

As India moves forward into the post-2025 Budget era, the corporate world is brimming with optimism. The policies outlined in the Union Budget for 2025-26 are expected to create a fertile ground for long-term economic growth and industrial development. Corporate leaders believe that with the right blend of infrastructure investments, tax reforms, digital transformation, and sustainability initiatives, India’s economic landscape will continue to evolve into one that is globally competitive and innovation-driven.

Industry leaders across sectors view the post-2025 Budget scenario as a pivotal phase for sustained growth. With Government initiatives increasingly aligning with the dynamic needs of both businesses and society, the corporate world is hopeful that the outcomes of the Budget will accelerate India’s transition to a $5 trillion economy.

Infrastructure development remains one of the most prominent drivers of economic growth. Business leaders agree that the post-2025 scenario will see India emerging as an even more attractive destination for global investment, thanks to the substantial investments in transportation, logistics, and urban infrastructure laid out in the earlier Budgets.

Post-2025, the corporate world is also eyeing the continued benefits of tax reforms that were introduced over the years. Industry leaders argue that a simplified, transparent, and competitive tax regime will provide the certainty needed for long-term planning and investment. The introduction of tax breaks for R&D, investments in emerging technologies, and a reduced corporate tax rate will act as significant catalysts in driving innovation and growth.

“We’ve seen the impact of tax reforms over the years, and the post-2025 period will benefit immensely from the tax regime put in place. Lower tax rates for corporates and incentives for R&D and tech investment will allow companies to reinvest their savings into innovation, making Indian businesses more competitive on the global stage,” said Amitabh Chaudhry, CEO of Axis Bank.

The simplification of the Goods and Services Tax (GST) structure and a robust digital tax system are expected to further ease compliance burdens on businesses, making it easier for them to grow and expand.

The post-2025 corporate landscape is set to witness a profound transformation, as digital technologies continue to redefine industries. The Government’s continued push for digital infrastructure and tech-enabled business models will enable India to capitalize on the opportunities presented by the global digital economy. Leaders in the technology, e-commerce, and fintech sectors believe that with the right policy support, India can solidify its position as a global technology hub.

“We are at a juncture where India has the potential to lead in the fields of AI, data science, and digital innovation,” said Bhavish Aggarwal, CEO of Ola. “The post-2025 phase will be marked by exponential growth in digital adoption. As businesses integrate AI, machine learning, and automation into their operations, the government’s continued support in building digital infrastructure will be crucial.”

The corporate sector is increasingly aligning itself with global sustainability goals, and post-2025, this focus will intensify. With India prioritizing renewable energy, sustainable manufacturing practices, and green technologies, businesses in clean energy and sustainability sectors will see enormous growth opportunities. India’s commitment to achieving net-zero emissions by 2070, along with fiscal incentives for adopting green technologies, is expected to catalyze the green economy.

“We cannot ignore sustainability anymore,” said Sanjiv Mehta, CEO of Hindustan Unilever. “The future of business lies in sustainable growth. With the government focusing on green technologies and energy-efficient industries, the post-2025 period will witness a massive transformation in how companies operate. Adopting sustainable practices is no longer just a corporate responsibility—it’s a growth opportunity.”

The workforce remains a vital element in the post-2025 growth story. With millions of youth entering the labor market each year, there is an urgent need for a skilled workforce equipped to meet the demands of a rapidly changing economy. Post-2025, the corporate world believes the government’s focus on education, vocational training, and entrepreneurship will foster a talent pool capable of driving innovation and productivity.

“India’s economic future depends on the skills of its people,” said Deepak Parekh, Chairman of HDFC. “We need to ensure that our workforce is ready for the challenges of tomorrow. The focus on skill development, training programs, and upskilling initiatives will be critical in ensuring that businesses have access to the right talent.”

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