Indian Business Leaders Praise India's 2025 Union Budget for Strategic Growth Focus

Dubai, UAE - Indian business leaders in Dubai have welcomed the Union Budget 2025 with open arms, hailing it as a comprehensive and forward-looking financial plan that aligns well with India's long-term vision of becoming "Viksit Bharat" (developed India) by 2047.

According to Sahitya Chaturvedi, Secretary General of the Indian Business and Professional Council Dubai, the budget's focus on agriculture, Small and Medium Enterprises (SMEs), and middle-class consumers is particularly commendable. He noted that India's export potential in West Asia, particularly in industries such as electronics, textiles, beauty products, organic goods, and handloom crafts, is significant.

"This budget aligns well with our vision of growing the economy towards ₹47 trillion by 2047," Chaturvedi said. "From my vantage point here in Dubai, I see strong potential for Indian businesses to tap into the West Asian market and grow exponentially."

Jai Prakash Agarwal, Vice Chairman of the Institute of Chartered Accountants of India (Dubai Chapter), also praised the budget for its forward-looking policies. He highlighted that the new Foreign Direct Investment (FDI) policies in the insurance sector aim to increase insurance penetration in the country by 4-5 times.

"The increase in the tax exemption limit to ₹12 lakhs is a welcome move, which will positively impact the economy by boosting consumption and investment," Agarwal said.

Indian business leaders in Dubai believe that the budget's comprehensive approach will drive long-term growth and development across multiple sectors. The Indian community in the UAE expressed confidence that the budget will play a crucial role in advancing India towards its ambitious economic goal.