“The 2025 Budget is a strong step towards inclusive economic growth, bringing significant benefits across all sections of society. The income tax relaxation for salaried employees earning up to ₹12 lakh per annum provides much-needed relief to the urban middle class, boosting disposable income and stimulating urban demand. This move will drive consumer spending and support key industries, contributing to overall economic momentum.
The increase in MSME turnover limits, along with enhanced credit access and intensive skill-development programs, will fuel entrepreneurship, business expansion, and youth employment. Additionally, the expansion of the Fund of Funds for Startups, with a fresh contribution of ₹10,000 crore, coupled with an extension of incorporation benefits until 2030, will further strengthen the Indian startup ecosystem. These measures will enable greater innovation and growth, reinforcing India’s position as a global hub for entrepreneurship.
We also welcome the government’s recognition of the gig economy, with steps to regularize support for gig workers and improve their access to credit facilities. This will provide financial security to millions of independent professionals who are driving the new-age digital economy.
With enhanced credit guarantee cover for MSMEs and startups, particularly in focus sectors crucial for Atmanirbhar Bharat, the budget lays a strong foundation for sustained growth and economic resilience. We thank the government for addressing the needs of both industry and the common man, and we remain committed to supporting India’s evolving mobility and entrepreneurial landscape.”
By: Narain Karthikeyan, Founder, DriveX
Read More:
