Baba Kalyani, Chairman & MD of Bharat Forge Ltd., has lauded the Union Budget 2025 for its strategic emphasis on middle class empowerment, MSME growth, and the Make in India initiative. He described these three pillars as the “3M’s that give me cheer,” acknowledging their role in accelerating economic growth and driving India’s development.
Kalyani highlighted the boost to the salaried middle class, emphasizing that increased disposable income will spur consumption and fuel economic activity. “A big boost to salaried middle-class will accelerate economic growth,” he noted. He also praised the revised classification and exports push designed to help Indian MSMEs go global, stating this will open new markets and enhance India’s global competitiveness.
The Make in India initiative, particularly in HiTech and labour-intensive industries, was another standout feature for Kalyani. He believes the focused attention on these sectors will attract investments, promoting domestic manufacturing and creating job opportunities.
Kalyani also welcomed the launch of the Manufacturing Mission, Exports Promotion Mission, and the Nuclear Energy Mission, viewing them as key drivers of industrial growth. He applauded initiatives like establishing Cancer Care Centers in every district, which will modernize healthcare and medical infrastructure across the country.
Further, Kalyani acknowledged the government’s efforts in ease of doing business, fiscal prudence, and investment-led growth, noting that these elements reflect a robust blueprint for India’s progressive and inclusive development. “Today’s budget continues to deliver on these three levers, and I am confident that these initiatives collectively signal a robust blueprint for India’s progressive and inclusive development,” he stated.
Kalyani concluded by emphasizing the budget’s balanced approach, blending economic stability with growth-oriented policies, positioning India for a stronger role in the global economy.
