Mr. Aditya Narayan Mishra, MD & CEO, CIEL HR Services Limited

The Union Budget 2025 aligns with the principles of fiscal discipline by reducing the deficit further. Secondly, it lays emphasis on innovation, skilling, and industrial growth. The push for AI Centers of Excellence, National Skilling Centers, and capacity expansion in institutions of higher education such as IITs, reflects a commitment to equipping the workforce for the evolving job market. Thirdly, investments in manufacturing, particularly in MSMEs and new technologies such as clean tech and MSMEs, alongside support for new technologies such as clean tech show a well-rounded approach to job creation and economic resilience. The focus on employment-led development is encouraging.

While the tax reforms will certainly boost consumer spending and influence market sentiment, the real transformation lies in the government’s commitment to skills development and job creation. The success of these initiatives will ultimately depend on how effectively we can bridge the skills gap and create an agile workforce ready for tomorrow’s opportunities.