India Budget 2025 Expectation Highlights: SMEs at the Core of India’s Growth Agenda

Industry stakeholders are optimistic about the upcoming Union Budget 2025-26, anticipating major announcements for railway freight and infrastructure. Key expectations include mega wagon orders, increased funding for safety and technology, and the deployment of advanced 12,000 HP electric locomotives.

Digital infrastructure providers are also pushing for reforms in power tariffs and tax structures to address challenges in the telecom sector.

Ankit Verma, Business Development Lead in India, was invited to share his thoughts toward the Budget and what SME should watch:

“As we approach Budget 2025, we hope for a strategic focus on empowering SMEs through enhanced access to affordable credit and support for manufacturing innovation. Strengthening public-private partnerships to create value for SME businesses is vital, particularly for green and sustainable practices.” 

“Given SMEs’ crucial role in employment and exports, the Budget should prioritize measures that enable them to scale operations, embrace eco-friendly solutions, and enter international markets. Robust financial and policy support will not only help SMEs thrive domestically but also position them as key players in global value chains, driving India’s sustainable, export-led growth agenda, ” shared by Ankit.

For SMEs, this Budget presents a prime opportunity to expand abroad. By engaging with these developments and embracing digital transformation, businesses can innovate and position themselves for success in the global market.

The original coverage about the Budget is on CNBC.

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