
As the Union Budget 2025 is unveiled, industry leaders from the HR sector have expressed strong support for the government’s initiatives aimed at financial empowerment and workforce enhancement.
Shruti Swaroop, Founder of Embrace Consulting, described the budget as a “watershed in financial empowerment.” She noted the significant relief provided to millennials through the tax-free threshold and emphasized the importance of the national skilling centres. “This progressive shift in tax slabs is a long-overdue alleviation that will enrich and relieve taxpayers from all walks of life across the country,” she remarked. Swaroop added that these initiatives represent a “long-overdue forward-looking approach to skill development, economic growth, and fiscal relief.”
Ritika Sood, HR Manager at Regional Public Relations, also highlighted the transformative nature of the budget, stating, “The Union Budget 2025 is a transformative step for financial empowerment, particularly with the new tax-free threshold up to ₹12 lakh, which offers substantial relief to the younger generation. Additionally, the establishment of five national skilling centres under the ‘Make for India, Make for the World’ initiative will enhance our workforce’s global competitiveness. This budget reflects a commitment to economic growth and essential support for taxpayers.”
Sonica Aron, Founder and CEO of Marching Sheep, echoed these sentiments, emphasizing the people-forward approach of the budget. “The zero income tax up to ₹12 lakh significantly reduces financial stress and increases disposable income. This overdue tax reform is a big sigh of relief for salaried professionals. Also, the five national skilling centres with global expertise blend well with the future world of work, enabling the Indian workforce to cater for AI, ML, and renewable energy sectors. Strengthening ‘Make for India, Make for the World’ will, in turn, boost global competitiveness. The budget seems forward-looking, and increasing financial independence for individuals and businesses is key to sustaining economic growth.”
As India strives for economic growth, these measures are expected to have a lasting impact on the nation’s labor market and fiscal health.