Pre-budget expectations in the BFSI sector from Krishna Vij, VP-TeamLease Digital.
"As we approach the Union Budget 2025-26, the BFSI sector seeks transformative reforms to strengthen financial stability and fuel economic growth.
Key measures include a dedicated refinance mechanism for NBFCs, simplifying property transactions for NRIs, and enhancing funding to meet Basel III norms. We also expect initiatives to improve lending to MSMEs, agriculture, and infrastructure.
The fintech lending space holds significant growth potential, with policy support for digital infrastructure, credit access, and sustainable finance. Additionally, the government’s focus on embedded finance, AI-driven decisions, and blockchain will drive innovation, ensuring India’s global leadership in fintech."
Pre budget expectations around Employment Linked Incentive from Neeti Sharma, CEO, TeamLease Digital.
"The upcoming budget will hopefully focus on the Employment Linked Incentive (ELI) scheme for prioritizing labor-intensive sectors like manufacturing, EVs, and renewable energy, as well as extending support to MSMEs and gig workers.
Emphasis on regional job creation, especially in Tier 2 and Tier 3 cities, coupled with updated skill development initiatives, would enhance workforce readiness. To ensure impact, alignment with existing programs like PLI and monitoring mechanisms is essential. These measures could position ELI as a cornerstone for inclusive growth and formal employment expansion in FY26."
Pre-budget expectations quote around Auto Component/engineering from Mun
"The auto industry seeks a budget that simplifies GST structures for vehicles and components, reduces GST on hybrid vehicles and EV batteries, and streamlines refunds for EV manufacturers. Addressing delays in PLI disbursements and relaxing value-addition norms could boost domestic participation.
Expanding incentives to include electric passenger car manufacturing and introducing performance-linked incentives (PLI Scheme) for batteries and components are vital for the ₹20 lakh crore EV market by 2030. Additionally, classifying charging infrastructure as an “infrastructure industry” can enable affordable financing. Such measures, alongside GST cuts on charging services, are critical to advancing India’s transition to sustainable mobility and job creation."
Pre budget expectations in the IT sector from Neeti Sharma, CEO, TeamLease Digital.
"As we look to the Union Budget 2025-26, the IT industry anticipates measures to further strengthen India's digital infrastructure, particularly through tax concessions for the data centre sector.
Given the critical role data centres play in enabling digital services and advancing the 'Digital India' vision, such incentives will not only attract foreign investments but also generate employment and fuel a new growth trajectory for the sector. These reforms will position India as a global leader in digital infrastructure, driving innovation and economic progress."
Pre budget expectations in the Semiconductor sector from Krishna Vij, VP-TeamLease Digital.
"As India aims to become a global semiconductor powerhouse, we look to the Union Budget 2025-26 to accelerate this transformative journey. With over $20 billion in commitments from domestic players, the budget must allocate substantial funding to advance the semiconductor ecosystem, driving innovation and self-reliance. The anticipated tax reforms, including a simplified regime under Section 44, will position India as a magnet for global semiconductor companies, enhancing both domestic manufacturing and international competitiveness. This forward-thinking approach will not only meet growing demand but also strengthen India’s role in the global semiconductor value chain, aligning with the vision of 100% electronic manufacturing in India."
Pre-budget expectations in the Retail/E-commerce from Neeti Sharma, CEO, TeamLease Digital.
“The retail sector is looking to the government for targeted reforms that can drive consumption and economic resilience. Key measures such as low-interest financing, tax relief, and an accelerated rollout of the National Retail Policy are expected to address structural gaps and enhance ease of doing business.
These changes will foster growth and formalisation within the sector, while boosting consumer sentiment. Additionally, extending MSME benefits to retail and wholesale traders, alongside recognizing the F&B retail sector as an essential service, will be pivotal in supporting broader economic objectives and strengthening sectoral growth."
Pre-budget expectations quote in Manufacturing sector from Munira Loliwala, VP- Strategy and Growth, TeamLease Digital.
"As the Union Budget 2025-26 draws near, the manufacturing sector anticipates strategic reforms to bolster global competitiveness and foster sustainable growth. Establishing a comprehensive manufacturing policy and addressing food inflation through enhanced cold chain storage are pivotal for economic resilience.
Targeted investments in maritime infrastructure and logistics efficiency will strengthen India's manufacturing base, while expanding the Production-Linked Incentive (PLI) scheme, reducing GST on recycled materials, and subsidizing capital equipment will drive innovation and scale.
Implementing anti-dumping measures and refining tax structures to attract investments will further position India as a hub for advanced manufacturing and economic excellence."