What Top Industry Leaders Expect from Union Budget 2025-2026
As the Union Budget 2025-26 is set to be presented on February 1, industry leaders voice their expectations, focusing on reforms to bolster India’s economic growth amidst global challenges. Here’s a closer look at their insights:
Dheeraj Arora: Strengthening India’s Economic Leadership
Managing Director & CEO, Hygienic Research Institute Pvt. Ltd.
“The Union Budget 2025-26 has the potential to transform India’s economy. Tax reforms, boosting private consumption, and enhancing investment activity are key to navigating uncertain times. Addressing structural supply-chain issues, incentivizing domestic production, and reducing delivery costs will be crucial in fortifying economic resilience.”
Rohit Gupta: Enhancing Export Competitiveness
Vice President-Finance, Hygienic Research Institute Pvt. Ltd.
“With global trade volatility as a backdrop, we anticipate initiatives to enhance Indian exports’ competitiveness. Tariff rationalization, duty exemptions, and efficient remission schemes are essential. Post-election, increased government spending could foster long-term development in agriculture and industry.”
Satyen Momaya: Boosting Retail Growth
CEO, Celio India
“The retail sector is pivotal for economic growth and job creation. Stimulating consumer demand by reducing personal income taxes and lowering interest rates is vital. The apparel and lifestyle retail segments, impacted by subdued demand and inflation, would benefit from stable GST rates for products priced at ₹1,000 and above. A swift rollout of the National Retail Policy is essential to streamline operations and support long-term growth.”
These insights highlight the shared call for reforms to position India as a resilient and dynamic player on the global economic stage.