Saturday, February 15, 2025

Union Budget 2025: Boosting AI, MSMEs, and Innovation for India’s Growth

The Union Budget 2025 aptly tackles the critical job of balancing aspirational development with grassroots & infrastructure-level growth and development. The move to set up centres of excellence for AI & tech, establishing new IITs, and supporting research & fellowship in the space of Deeptech etc. are all welcomed moves, directed at enhancing indigenous capabilities in these emerging fields. At the same time, supporting India’s MSMEs with an enhanced credit guarantee of INR 10 CR for micro-enterprises, leading to an additional 1.5 lakh crore credit in the next 5 years, will not only build the tech abilities but also lead to more job creation. At Be Legal, we believe that these developments will create a significant growth impetus in the country and look forward to supporting India’s enterprises in navigating this ever-changing business and taxation landscape.-Advocate Ayush Jindal- Founder of Be Legal

“The Union Budget 2025 announcement has touched upon pivotal aspects to push the next wave of growth in India. We particularly commend the announcement of the Centre of Excellence for AI In Education, to be established with an outlay of INR 500 CR. Furthermore, the move to set up the Deeptech Fund of Funds and establish 5 new IITs after 2015, is another significant move, directed at boosting innovation in the space of AI and Tech. We commend the budget for its forward-looking measures and look forward to contributing towards India’s emergence as a global leader in the space of AI, Tech, and Innovation.- ” Mr. Sarvagya Mishra, Founder & Director at Superbot”

“This year’s Union Budget 2025-26 brings a wave of optimism, with transformative initiatives aimed at shaping the future of healthcare and empowering entrepreneurs across the nation. The addition of 10,000 new medical seats and the establishment of 200 cancer centres are monumental steps towards making healthcare more accessible and efficient. Furthermore, the focus on supporting first-time women entrepreneurs from SC/ST communities with term loans up to ₹2 crore shows a clear commitment to inclusivity and economic growth. The introduction of a new Fund of Funds with ₹10,000 crore and enhanced credit guarantees will particularly uplift micro-enterprises and MSMEs, fostering innovation and resilience. These policy changes are a strong foundation for a healthier and more entrepreneurial India, and we at The Diet Xperts are excited about the positive impact they will have on the nation’s well-being and prosperity.” – Ms. Simrat Kathuria, CEO and Head Dietitian at The Diet Xperts.

“As India moves towards a more inclusive and accessible healthcare system, the 2025-26 Union Budget introduces several positive initiatives, including the expansion of medical education and the establishment of 200 cancer centres. These measures are a significant step forward in enhancing healthcare infrastructure. However, we at Jindal IVF were hoping for greater attention to reproductive health, particularly fertility treatments like IVF. Affordability continues to be a barrier, especially in smaller cities, and tax incentives or subsidies for assisted reproductive technologies could have made a real difference in easing this financial strain. Additionally, extending insurance coverage to include multiple IVF cycles, which many patients require, remains an area that still needs further consideration. While the government’s efforts to expand healthcare access are commendable, we hope that future budgets will also prioritize reproductive health, ensuring that every family has the opportunity to grow and thrive.” – Dr. Sheetal Jindal, Senior Consultant and Medical Director, Jindal IVF Chandigarh.

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