Budget Expectations Quotes by Experts

Mr. Kapal Suresh Pansari, Managing Director, RP Tech

“The upcoming Union Budget is an important moment for the technology sector, and we are eager to see measures that support India’s digital-first ambitions. Incentives for Make in India initiatives and investments in infrastructure could significantly enhance the ICT supply chain. Additionally, policies fostering innovation and skill development will be key to strengthening India’s position as a global technology leader. We are optimistic about the budget paving the way for sustainable growth and new opportunities in the sector.”

Sarvjeet Singh Virk, Co-founder & MD, Jumpp outlining

Introducing specialised regulatory sandboxes for AI-powered financial products, vernacular fintech solutions, and localised innovations for regional financial institutions would be a transformative step forward. Additionally, further development of AI infrastructure through dedicated funds for AI Centers of Excellence in tier-2 cities and multilingual financial literacy platforms will be pivotal.

Inclusivity in financial services needs to become a stronger focus. I see the value in incentivising vernacular financial interfaces, voice-based banking, and regional language chatbots, which could help replicate the success of UPI in areas like insurance and investments.

I also believe that increased allocation for UPI infrastructure in rural areas, specialised fintech training programs, and targeted incentives for rural fintech adoption must remain priorities. Additionally, expanding Smart City projects to include digital payment corridors and fintech hubs in smaller cities will go a long way in strengthening regional ecosystems.”

Hardik Adhiya, Chief Operating Officer, Onix Group

” Capacity building in domestic manufacturing and renewable energy generation will build the energy transition pathway for the country to achieve the target to reach 500 GW of renewable energy by 2030. In line with that vision, the renewable energy sector expects the Union Budget 2025-26 to announce some proposals and targeted measures to reduce import dependence in sourcing equipment while strengthening the storage, transmission and distribution network. The budget needs to reflect policy continuity in terms of the PLI scheme to build domestic manufacturing capacity of solar panels, modules and PV cells, which is pivotal in attaining self-reliance and competitiveness. In addition, the budget should announce incentives for banks and financial institutions to boost lending to the renewable energy sector. Moreover, we expect the budget to propose measures to incentivize renewable energy adoption in mobility as well as energy consumption and offer fiscal support to develop renewable energy infrastructure development and catalyze renewable energy projects, building a sustainable future.”

Ramadass Selvaraj, Chief Operating Officer at Pathfinder Global

‘We are looking forward to the Union Budget 2025, as it presents an excellent opportunity to further strengthen the growth of the quick commerce sector and empower small retailers, including Kirana stores. The retail landscape in India is evolving rapidly, and we anticipate the introduction of regulatory actions that will support the integration of advanced technology, particularly for small businesses. With the rise of digital-first platforms, it’s more critical than ever to ensure small businesses are equipped with the right tools to stay competitive. We expect the government to focus on policies that enhance the adoption of AI, streamline operations, and create more efficient supply chains for these retailers.

We believe the Union Budget will pave the way for small retailers to embrace these transformative technologies, enabling them to elevate customer experiences, optimize their operations, and remain relevant in this fast-evolving market. As the retail sector shifts towards a hybrid model that blends digital and physical experiences, the industry must empower retailers to leverage technology and adapt to this new era of retail. We are confident that these changes will level the playing field and foster sustainable growth across the sector.’