“The Union Budget 2025 reinforces India’s commitment to inclusive development, economic acceleration, and technological advancement. It sets a powerful momentum for India’s MSMEs and workforce transformation. With the credit guarantee cover doubling to ₹10 crore and MSME investment and turnover limits expanding (2.5X and 2X), small businesses now have greater financial flexibility to scale and innovate. The ₹10,000 crore Fund of Funds, five National Centres of Excellence for Skilling, and AI-driven education initiatives underscore India’s commitment to building a future-ready workforce.
The government’s move to remove income tax up to ₹12 lakhs is a crucial step in recognizing the middle class’s contribution to India’s economic growth. We also look forward to further tax reforms that support economic relief and financial well-being in the upcoming income tax bill.
Overall, the expectation is that these strategic reforms will accelerate entrepreneurship, enhance employability, and position India as a global hub for talent and innovation. At greytHR, we welcome the focus on MSME reforms, AI development, and tax reforms. We remain committed to driving innovation in HR tech, simplifying compliance, and empowering businesses to navigate this evolving landscape with confidence.”
Girish Rowjee
Co-founder & CEO
greytHR
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