Indore (Madhya Pradesh): Following the unveiling of the 2025 Economic Budget, industry experts and economists shared their perspectives on the announcements, highlighting both strengths and areas needing further clarification at the live viewing & analysis session organised by Confederation of Indian Industry on Saturday.

"The budget has promising provisions for healthcare and technology, which are vital for the country’s long-term progress. While I will leave technical details to experts, the investment in AI and digital health infrastructure is a significant step forward. Strengthening these areas can drive innovation, improve healthcare accessibility, and create more job opportunities. The budget’s emphasis on future-focused industries aligns with global trends, ensuring India remains competitive. With effective execution, these initiatives can positively impact both businesses and citizens across sectors."

- Siddharth Sethi, vice-chairman, CII Madhya Pradesh & CEO, Infobeans

"The budget takes a balanced approach, addressing all sections of society. The revised income tax slabs put more money in people's hands, increasing spending power. Incentives for new industries and a focus on AI and credit accessibility are promising for economic growth. Farmers, MSMEs, and the middle class stand to benefit from targeted schemes. Overall, the budget lays a solid foundation for financial stability and industrial expansion, but its success hinges on policy implementation and sustained government support for businesses."

- Akshat Chordia, chairman, CII Malwa Zone & CEO, Rini Life Science Pvt Ltd

"The budget lacks major new announcements, closely mirroring last year’s provisions. While tax relaxations provide relief to citizens, infrastructure investment hasn’t increased significantly. Government spending constraints, due to subsidies and fiscal limitations, seem to be impacting capital expenditure. While tax benefits will boost demand in the short term, long-term economic momentum will depend on whether infrastructure growth and industrial policies receive adequate financial backing. Overall, while the budget offers some benefits, its broader impact remains uncertain without further fiscal stimulus."

- Sudip Gupta, member, MP Commercial Tax Appellate Board

"The budget makes strong announcements but lacks clear implementation strategies. TDS and TCS easing and income tax changes are positive steps. The new committee for non-fiscal matters is welcome, but timelines for execution remain unclear. While initiatives appear promising, their success depends on swift government action. Clarity on capital expenditure and fund allocation is crucial for businesses to benefit. Without proper execution, these policy changes may not yield the intended economic impact."

- Nitin Nagda, VP, Finance & Indirect Taxes, VE Commercial Vehicles Ltd.

"The new income tax bill expected next week will provide deeper insights. TDS/TCS rationalization was much needed to reduce compliance burdens. Higher income tax rebate thresholds are positive, but taxpayers must review fine print details. The revised tax slabs provide significant relief, though overall impact depends on further clarifications. Simplified compliance measures will benefit businesses. However, hidden clauses could affect long-term tax planning. If well-implemented, the tax reforms can significantly improve the financial landscape for both individuals and businesses."

- CA Manish Dafaria, VK Dafria & Co.