Budget 2025: Perspectives from Our India Delivery Head, Jaepy Kurian

Orion Innovation’s Head of Delivery for India, Jaepy Kurian, was invited to share his expertise on the 2025 Union Budget of India. This national financial blueprint, also referred to as Annual Financial Statement, includes key economic policies, reforms, and allocations that will significantly shape the business and technology landscape in the country.

“The Hon’ble Finance Minister Smt. Nirmala Sitharaman has presented a balanced budget with something positive for everyone,” Kurian says. “The establishment of five National Centers of Excellence for Skilling to equip the youth with the necessary skills for global opportunities is very much the need of the hour. Also, the setting up of the AI Centre of Excellence for education at an outlay of INR 500-cr will surely drive innovation in the education or EdTech sector.”

“The Government’s thrust on agriculture, MSME, investments and exports as the four power engines of development shows a well-thought out and focused stance,” he continues.

“The proposal for a new Deep Tech Fund of Funds is quite a significant step towards growing deep tech innovation in India. It shows the Government’s serious intent to position India strongly in the global AI scenario. In a nutshell, it is a colossal step towards strengthening India’s startup ecosystem. And last but not the least, the tax reforms proposed will benefit the middle class by increasing disposable income, which in turn will fuel demand for essential and also aspirational categories of products and services.”

Kurian’s perspective was published on several publications: National Biz News, Hello Kotpad, Business News Matters, Content Media Solution, Biz Development News, and Odisha Business News.

Pre-Budget Expectations

Prior to the Budget announcement on Saturday, February 1, Kurian also shared his expectations on Moneycontrol and CNBC TV18, with a focus on advancing digitalization and technology advancement.

“India’s IT sector is evolving rapidly, but gaps remain in fully realizing the Government’s ‘Digital India’ vision. The upcoming Union Budget should prioritize digitalization and technology advancement to drive innovation across industries like Telecommunications, Financial Services, Healthcare, and Education,” Kurian said.

“Key focus areas include addressing the alarming rise in financial crimes, fraud, and complex cyberattacks by building a skilled cybersecurity and fraud detection talent pool. The Government should also incentivize the adoption of cutting-edge technologies like AI, Cloud, Blockchain, 5G, and IoT to enhance fraud prevention capabilities, foster innovation, and create significant employment opportunities. These efforts will accelerate India’s journey toward a secure and digitally empowered economy.”