Union Budget 2025 – 26 was welcomed by leading industrialists, Corporate personalities as well as Chambers of Commerce across the country including CII – East in Kolkata, Bharat Chamber of Commerce, Calcutta Chamber of Commerce , Indian Chamber of Commerce.
Shri Shashwat Goenka Vice Chairman of RPSG Group has welcomed the Union Budget 2025-2026. Shri Goenka said Union Budget is focusing on inclusive development for a Viksit Bharat by 2047.
It is a budget with the potential to unlock greater prosperity for the country with the guiding spirit of inclusivity. It is continuity of development thrust of previous budget on
Garib, Youth, Annadata and Nari. Shri Goenka welcomed formation of Makhana Board for overall development & expansion of cultivation of Makhana in agricultural sector which is super food.
Shri Chandrashekhar Ghosh Chairman of Bandhan Group said Budget will lead to growth of insurance sector in a big way in the country.Shri Ghosh also emphasized budget provisions are visionary to transform skill development programs for various sectors including MSMEs at World class level. Such skill development program will facilitate to improve quality of MSME products.
Shri Sanjay Buddhia said Union Budget facilitate healthy competition between the states to promote exports . Shri Buddhia stressed various provisions of Union Budget will facilitate & create conducive environment for growth of export.
Shri Ravi Todi appreciated provisions in the budget to reposition India Post as logistic provider . Shri Todi also appreciated various provisions to expand nuclear energy sector , infrastructure development & others.
“The removal of seven tariff rates and the increase in FDI limits, are welcome moves to boost production. It is also important that despite the tax relief, the Government has demonstrated fiscal discipline and has projected a fiscal deficit of 4.4 per cent, Dr. N. G
Khaitan President of Bharat Chamber of Commerce felt. Overall, the announced measures are expected to stimulate growth, improve tax compliance and enhance India’s attractiveness as an investment destination, Dr. Khaitan stated.
“In Personal Income Tax front, the budget has announced extension in the exemption limit, which will give major relief to the tax payers. This will give extra savings to the individual tax payers. The Chamber hails this move. We, on behalf of Calcutta Chamber of Commerce, thank the Hon’ble Finance Minister for bringing growth oriented changes to boost the economy of the country. The vision of the government is to make India a self-dependent nation. ” said Shri Hari Shankar Halwasiya President of Calcutta Chamber of Commerce.
“The 2025 budget is a forward-thinking financial blueprint, prioritising sustainable development, economic growth and social welfare with a clear vision for Viksit Bharat 2047. It places strong emphasis on tax reforms, infrastructure development and dedicated support for MSMEs, which will not only strengthen business management but also generate employment opportunities. A key highlight is the increased spending across crucial sectors such as healthcare, education, the toy industry and renewable energy. This strategic allocation will have a direct and positive impact on the lives of citizens. Additionally, notable measures such as the enhanced credit guarantee for MSMEs, the introduction of customised credit cards for micro-enterprises and the addition of 10,000 new seats in medical colleges serve as strong building blocks for the future. The budget also prioritises infrastructure spending, including initiatives like the UDAAN scheme and shipbuilding, which will further boost economic growth. Overall, this is a comprehensive and inclusive financial plan that holistically addresses the needs of various stakeholders—citizens, businesses, and the environment. This budget marks a significant step toward realizing India’s long-term development goals and building a Viksit Bharat by 2047” said Shri
Abhyuday Jindal, President, Indian Chamber of Commerce.
Dr. Rajeev Singh, Director General, ICC said “This budget is very pragmatic, trust based, consumption driven yet highly futuristic with focus on sustainable growth, Technology, clean fuel etc. Provisions have been made to boost domestic consumption, disposable income to give fillip to the manufacturing cycle including MSMEs, Agriculture, Logistics . Skill development, social security and Healthcare initiatives has also been taken care of. This budget will lay the foundation of a developed nation with inclusive development.”
(This story has not been edited by News Mania staff and is published from a Media Release)
