Post Budget quote on Entrepreneurship & Ease of Doing Business by Mr. Mahesh Krishnamoorthy, Managing Director, Core Integra

“Budget 2025 emphasises on promotion of Entrepreneurship and Ease of doing business which is highly relevant for the Indian economy as it competes in the global arena and one of the critical requirement is generation of large-scale employment considering the current and projected population demographics of India. 

Last but not the least, the benefits in Direct Tax to the personal income tax community which comes as a pleasant surprise and above the market sentiments, its after quite a long time that this community would be satisfied with the budget offering. While approximately one lac crore would be foregone in direct tax due to this move, it would significantly boost consumption thereby giving benefits in economic growth and indirect tax revenue due to higher disposable income in the hands of the middle class which is always looking forward to upgrade their lifestyle as disposable income grows.

Among expectations, it would have been nice if the Budget laid down a clear roadmap towards implementation of the New Labour Codes, which has been on the side since long and once implemented would bring in significant transformation in the labour laws and compliances.”

Mr. Mahesh Krishnamoorthy
Managing Director
Core Integra