Sameer Agarwal, Group CFO of Manipal Hospitals, highlighted the regulatory challenges that entrepreneurs face, which hinder business growth. "While the budget provides investors with clarity, addressing ease of doing business should be a key priority for the government," he stated. He further stressed the necessity of strengthening India's research and development (R&D) ecosystem to drive innovation.
Kamal Bali, President & Managing Director of Volvo Group India, underscored the importance of achieving sustained economic growth exceeding eight percent to uplift millions from poverty and enhance per capita income. "This growth should be inclusive, benefiting all sectors, including MSMEs, agriculture, startups, manufacturing, services, and tourism," he remarked. Bali also pointed out that while the government has laid the groundwork, the private sector must take the lead in driving growth through policy, regulatory compliance, and infrastructure development.
Bali further noted that manufacturing remains a key challenge, with its contribution to GDP stagnating between 13% and 17% over the past two decades. "The government has done its part, but the industry must step up to address the challenges in manufacturing," he added.
K R Sekar, former BCIC president and partner at Deloitte Touche Tohmatsu India LLP, observed that while infrastructure investment continues, the budget places a strong emphasis on boosting demand and liquidity in the economy. "Key measures include increasing MSME investment and turnover thresholds, easing credit access, and leveraging India Post’s logistics network to support the rural economy," Sekar noted.
The discussion underscored the crucial role of both policy execution and private sector participation in realizing India's economic potential.
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