Expert Insights: Industry Reactions and Trends – The Times of India

This budget aims to boost spending, support small businesses, and enhance global trade. One of its highlights is the National Manufacturing Mission focused on clean technology and domestic electric vehicle battery production.

Santosh Iyer, CEO of Mercedes-Benz India, expressed optimism about the middle class, MSMEs (Micro, Small, and Medium Enterprises), and the “Make in India” initiative. He noted that establishing cancer care centers in every district would significantly improve healthcare. There are also plans to enhance agricultural productivity and leverage India Post for rural growth.

Baba Kalyani, Chairman of Bharat Forge, shared that the National Manufacturing Mission aligns with their goal to promote “Make in India.” This initiative is expected to attract investments and improve efficiency, making Indian firms more competitive globally. Additionally, the allocation of ₹500 crore for an AI Centre of Excellence will benefit both education and technology sectors.

Warren Harris, CEO of Tata Technologies, welcomed the budget for its focus on skills development. Creating five centers of excellence for training will prepare workers for the future.

Feedback from citizens was mixed. Rekha Konde, a homemaker, appreciated some announcements but wished for support to lower costs, especially for cooking gas and mobile recharges. Kalpana Pandey, another housewife, felt disappointed by the lack of specific initiatives for women, unlike state government schemes. Rajendra Chuttar, a senior citizen, hoped for clearer guidelines on health insurance and suggested lowering the eligibility age for the Ayushman Bharat scheme to 60.

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MSME sector,Make in India,consumption stimulation,clean technology manufacturing,budget reactions