Budget 2025 Expectations: Key Demands from Real Estate, Tech, and More
As the Union Budget 2025 unfolds, industry captains from various industries are sharing expectations and wish lists. From relief in taxes to incentives for innovations, here are a few of the key demands put forth.
Real Estate Sector Seeks Tax Reliefs and Industry Status
The real estate sector is looking for tax relief, industry status, and further funding allocation. The sector is also expecting the government to reinstate the 182-day residency rule for visiting NRIs and PIOs.
Technology Sector Hopes for Measures That Fuel Innovation and Empower Startups
The technology sector is looking forward to measures that fuel innovation, promote digital transformation, and empower startups. Simplified tax structures and increased incentives for R&D are also being sought.
Life Insurance Sector Awaits Increased Tax Benefits and Lower GST Rates
The life insurance sector expects increased tax benefits, lower GST rates, and easier GST compliance procedures.
Auto Industry Awaits GST Cuts, EV Incentives, and Policy Support
The auto industry awaits GST cuts, EV incentives, and policy support for electrification, battery manufacturing, and infrastructure.
Industrial Explosives Sector Hopes for Infra Investment
The industrial explosives sector is looking for major investments in large-scale infrastructure projects, rationalization of import duties, and tax incentives on key inputs.
Fashion Industry Seeks Reduced GST on Apparel
The fashion industry is seeking a reduction in GST on apparel from 12% to 5%, simplification of e-commerce regulations, and policies that support domestic manufacturing.
Budget 2025: A Make-or-Break Moment for Industry Leaders
Finance Minister Nirmala Sitharaman will be presenting the Union Budget 2025 on February 1, 2025. Business leaders are keenly awaiting how the budget will address their main concerns and create a boost to their respective industry sectors.
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