CorporateMOM Analytics on India’s Union Budget 2025

CorporateMOM Analytics on Union Budget 2025

SUMMARY of the Transcript:

1. The Union Budget 2025 focuses on four key engines of development: agriculture, MSMEs, investments, and exports.
2. The budget introduces several initiatives to boost agriculture, including programs to enhance productivity, promote crop diversification, and improve irrigation.
3. For MSMEs, the budget proposes measures like enhanced credit access, digital transformation, and skill development programs to create a robust ecosystem.
4. The budget emphasizes investment through increased capital expenditure, interest-free loans to states, and a new National Manufacturing Mission.
5. I propose setting ambitious growth targets (15-20% CAGR) for individual companies and monitoring their performance daily, especially in areas like transitioning to a green economy and critical metals production.

I conclude: There should be at least one Think Tank guy within a company as a listening post then you are through because we are not looking at a company, we are looking at about a hundred to two-hundred thousand people within a particular company. So it is going to generate a lot of interaction between the government as well as the companies and make the profitability as the main issue. Growth is the consequent issue. Unless the growth comes of at least about 15%, 20% we cannot meet that 2047 as Viksit Bharat, it is not possible unless everybody puts in the effort. That's why EPP Effort per Person is a very important issue.

It's not that somebody is giving you a gift that you put it in your pocket and go away. What I am recommending is the monitoring system by MeRIT - Measure, Record, Implement and Track. This is what National Manufacturing Mission has to look at. That being said in terms of your 15% or 20% CAGR. National Manufacturing Mission must introduce to very many companies, as many companies as they can. I'm here to assist you. That is what I strongly recommend.

Every year one budget comes and goes but this year budget I think is spectacular and I appreciate Nirmala Sitharaman who has done a tremendous job. Reciprocity is expected from the companies for their own good. Buck-up Industry, tell us what Industry Associations in different forms went to FM before the Budget and what did you ask the FM? If given all the gifts you had asked for, it is time you show your commitment.