At SBF’s Decoding India 2025 Union Budget session on 5 February, business leaders analysed the budget’s implications for trade, investment, and economic cooperation between Singapore and India
On 5 February 2025, the Singapore Business Federation (SBF) hosted the Decoding India 2025 Union Budget session, bringing together business leaders to discuss the impact of India’s latest budget on trade and investment. With Singapore remaining India’s top source of foreign direct investment (FDI) in 2024, the budget introduces new opportunities for businesses looking to expand into one of the world’s fastest-growing economies.
Key measures in the budget include a ₹11.2 trillion allocation to infrastructure, smart cities, and industrial development, as well as policies to enhance trade competitiveness. The introduction of tariff cuts, export incentives, and the BharatTradeNet initiative aims to strengthen supply chains. Additionally, increased support for micro, small, and medium enterprises (MSMEs) and start-ups, including a ₹100 billion deep tech and AI fund, signals India’s commitment to innovation-driven growth.
The session opened with remarks from Mr Gautam Banerjee, Chairman of SBF’s India & South Asia Business Group, followed by a keynote address from H.E. Dr Shilpak Ambule, High Commissioner of India to Singapore. Discussions covered fiscal policies, tax reforms, investment incentives, and India’s evolving regulatory landscape. A panel featuring experts from PwC, Tata Sons, GIC, and H.E. Dr Ambule provided insights into market entry strategies, investor confidence, and macroeconomic trends.
SBF will continue fostering business engagement, including its upcoming mission to Gujarat and Telangana from 6 to 12 April, offering direct access to key stakeholders and sector-specific opportunities.
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Source: Singapore Business Federation
