Expectations for the Manufacturing Sector

Budget 2025: Insights on expectations for the manufacturing sector 

In the second episode of our pre-budget 2025 series, we discuss expectations of India’s manufacturing sector and its key role in India's growth story with EY India Tax Partner Ajit Krishnan. Tune in as explore the anticipated policy measures, tax incentives, and sustainability initiatives that Union Budget 2025 may feature to reshape the future of Indian manufacturing.

In conversation with:

Ajit Krishnan
Tax Partner, EY India 

Key takeaways

  • The government may consider expanding production-linked incentives (PLI) for pharma, electronics, textiles and auto in Budget 2025, strengthening India’s manufacturing capacity and global competitiveness.
  • Increased capital access, tax reliefs, and targeted funds for MSMEs can help boost their resilience and foster sectoral growth.
  • Proposals around green manufacturing initiatives, tax breaks, and energy transition funding in Budget 2025 will highlight India's commitment to sustainable development goals.
Fiscal support for R&D is vital; development-linked incentives for semiconductors and chips can drive investments and boost India's self-reliance.

For your convenience, a full text transcript of this podcast is available on the link below:


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Podcast

Season 02 Episode 02

Duration

11m 55s