Budget 2025: Maritime and Retail Innovations Reshaping India’s Economy

The Union Budget 2025 delivers a strong push for India’s maritime sector, with strategic investments aimed at enhancing shipbuilding capabilities and strengthening supply chain infrastructure. Leo Peter Charles, Founder & Managing Director of Jane Solutions, highlights how these measures will expand India’s shipping fleet, reduce reliance on foreign vessels, and lower logistics costs. The improvements are expected to benefit fisheries and agri-exports, ensuring faster, more efficient global trade. Additionally, advancements in port infrastructure and coastal connectivity will enhance India's position as a competitive trade hub. In the retail sector, the budget introduces key reforms supporting startups and sustainable business models. Harsh Talwar, CEO of Cashforphone, emphasizes the impact of extended incorporation periods and increased financial support for startups, particularly in circular economy initiatives like mobile phone recycling. Reduced taxation and streamlined compliance measures are set to drive innovation and growth in the tech-driven retail landscape. These reforms collectively reinforce India’s commitment to strengthening supply chains, fostering entrepreneurship, and building a sustainable economy.