Budget 2025 Preparations: Industry Expectations and Recommendations
Key Ideas
  • Jindal Stainless advocates for nil import duties on critical raw materials like molybdenum ore to boost manufacturing.
  • Survey reveals 72% of individual taxpayers prefer the new income tax regime, while 57% seek tax reductions in the upcoming Budget.
  • India Hydrogen Alliance urges a $2.5 billion budget increase for the National Green Hydrogen Mission to promote green energy initiatives.
  • Tata Technologies calls for enhanced allocation towards upskilling aligned with Industry 4.0 for a future-ready workforce.
As India gears up for Budget 2025, various industries have outlined their expectations and recommendations. Jindal Stainless has proposed reducing import duties on critical raw materials like molybdenum ore to enhance manufacturing capabilities. A survey by Grant Thornton Bharat indicates that a majority of individual taxpayers are in favor of the new income tax regime and seek tax reductions in the upcoming Budget. The India Hydrogen Alliance has urged for a $2.5 billion budget increase for the National Green Hydrogen Mission to support green energy initiatives. Furthermore, Tata Technologies has called for increased allocation towards upskilling initiatives aligned with Industry 4.0 to develop a future-ready workforce. These recommendations highlight the diverse needs and aspirations of different sectors as the government prepares to present the Budget, aiming to drive economic growth and innovation in the country.
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