
The Union Budget 2025-26 has been lauded for its forward-thinking approach toward fostering business growth, promoting sustainable development, and empowering the gig economy. Vivek Krishna, Vice President – Finance of Rapido, expressed optimism about the budget’s proposals, highlighting its balanced focus on regulatory reforms, digital innovation, and social security measures.
One of the standout announcements in the budget is the review of both financial and non-financial sector regulations. This move aims to streamline processes and reduce the compliance burden for businesses, fostering a more efficient and growth-oriented environment. “The proposed review of sector regulations reflects the government’s commitment to improving business efficiency while maintaining robust governance standards,” Krishna noted.
For the gig economy, which forms a crucial part of Rapido’s operations, the budget has introduced several impactful measures. The extension of social security schemes and healthcare benefits to gig workers, facilitated through e-Shram portal registration and coverage under the PM Jan Arogya Yojana, marks a significant step toward ensuring their well-being. “These initiatives are game-changers, prioritizing the health and financial security of gig workers, including our captains,” Krishna added.
Moreover, the budget’s focus on green mobility and sustainable transportation has been welcomed by stakeholders in the mobility sector. The government’s plan to incentivize local manufacturing of EV components is expected to boost the adoption of electric vehicles, aligning with India’s long-term environmental goals. “It’s encouraging to see the government pushing for green mobility, which will not only reduce our carbon footprint but also open new avenues for innovation and growth in the sector,” Krishna emphasized.
Overall, the Union Budget 2025-26 reflects a bold vision for Viksit Bharat, emphasizing inclusivity, sustainability, and digital progress. The measures announced are expected to have far-reaching effects on business operations, employee welfare, and environmental sustainability, laying a strong foundation for India’s growth in the coming years.