Union Budget 2025 Reaction from Sumit Sabharwal, Country Leader for India at Deel
The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, focuses on growth-driving initiatives. Highlighting MSME development, skill enhancement, and job creation, the budget aligns with the vision of Viksit Bharat (Developed India). Sumit Sabharwal, Country Leader for India at Deel, shared Union Budget 2025 reaction and his insights on key budget measures shaping the HR and technology sectors.
Here’s his Union Budget 2025 reaction to the announcements that stand to transform India’s workforce and innovation landscape.
Skill Development: Bridging the Employability Gap
The budget places significant emphasis on skill development in emerging technologies like AI and cloud computing. Sumit Sabharwal lauded the establishment of a Centre of Excellence for AI in education, with a ₹500 crore investment. He believes this will transform AI education, enabling Indian talent to compete globally.
India’s employability rate is currently a concern, as highlighted by the Economic Survey 2023-24. Only 51% of Indian graduates possess job-ready skills. Sabharwal emphasized the importance of aligning education with market demands. He stated,
“Strengthening AI education will help close the employability gap and prepare the workforce for future challenges.”
Furthermore, organizations are increasingly prioritizing AI skills. Deel’s recent study shows that over 50% of businesses prefer hiring AI professionals within India. The focus on AI education will not only meet this demand but also attract global attention to India’s skilled workforce.
National Centers of Excellence: Elevating Workforce Standards
The announcement of five National Centers of Excellence for Skill Development reinforces India’s commitment to training its workforce. These centers will offer specialized programs in high-demand areas, setting global benchmarks. Sabharwal noted,
“Such initiatives are critical for equipping professionals with cutting-edge skills, boosting their global employability.”
Technology Investments: Transforming HR Practices
The budget’s focus on advanced technologies, particularly AI, aligns with the government’s larger strategy. Investments in AI tools are expected to revolutionize HR practices. Sumit Sabharwal pointed out that AI-driven tools will enhance recruitment processes and employee engagement.
He explained,
“AI, cloud computing, and data analytics investments will accelerate digital transformation across sectors. HR technology will witness improved productivity, efficiency, and better decision-making.”
As organizations adopt digital-first solutions, the HR industry is poised to embrace seamless and data-driven operations. This transformation will benefit both businesses and employees.
Supporting Startups: Strengthening India’s Innovation Ecosystem
The budget allocates ₹10,000 crore to the Fund of Funds for Startups, a game-changing move for Indian entrepreneurs. Sabharwal highlighted that this funding will nurture innovation and sustain startup growth at various stages.
“With over 1.5 lakh recognized startups, this initiative will bolster India’s position as a global innovation hub,”
he remarked. He believes the fund will empower startups to scale operations and compete internationally.
Startups are essential for job creation and economic growth. By supporting them, the government ensures sustained development in critical industries.
Closing the Employability Gap: A Holistic Approach
The initiatives outlined in the Union Budget reflect a comprehensive strategy to tackle the employability gap. Sabharwal underscored the importance of integrating technology adoption with skill-building programs.
“Faster adoption of AI and other technologies is vital,” he said. “It ensures that the workforce stays relevant in an increasingly competitive global economy.”
Deel’s platform complements these government efforts by enabling Indian talent to access global opportunities without relocating. Businesses benefit from expanded talent pools, while professionals enhance their skills by working with international teams.
The Deel Advantage: Connecting Indian Talent with Global Opportunities
Deel’s mission aligns closely with the Union Budget’s goals. As an all-in-one payroll and HR platform, Deel empowers businesses to build global teams seamlessly. With services like Employer of Record, contractor management, and in-country payroll, Deel provides end-to-end solutions.
Indian businesses can use Deel to expand their operations globally, gaining access to diverse markets. Meanwhile, Indian professionals can work for global companies, enhancing their expertise. Sabharwal emphasized,
“This model not only builds critical skills but also strengthens India’s global competitiveness.”
A Leader’s Perspective: Sumit Sabharwal’s Vision
Sumit Sabharwal’s extensive experience in HR and technology offers unique insights into these developments. As Deel’s Country Leader for India, he plays a pivotal role in expanding its presence. His leadership combines expertise in HR, technology solutions, and international business.
Sabharwal’s background spans over two decades, including roles at Godrej, HDFC Bank, and Essar Group. He has also led as CEO at organizations like Excelity Global and TeamLease HRtech Ltd. With a strong academic foundation, including programs at IIM Kozhikode and Harvard Business School, he brings a global perspective to India’s HR landscape.
His vision for India aligns with the budget’s focus on skill development and technology adoption. Sabharwal firmly believes in leveraging platforms like Deel to drive transformation in the workforce.
Looking Ahead: Building a Competitive Workforce
The Union Budget 2025-26 sets the stage for significant advancements in skill development, technology, and entrepreneurship. Sumit Sabharwal’s reaction highlights the transformative potential of these initiatives.
By focusing on emerging technologies like AI and supporting startups, the government is addressing critical gaps. The establishment of centers of excellence and increased funding ensures sustained progress in key areas.
Indian talent stands at the cusp of unprecedented opportunities. With initiatives like Deel and government policies working in tandem, the workforce is poised to thrive globally.
As Sabharwal concluded,
“Together, these efforts will close the employability gap, strengthen innovation, and position India as a global leader.”
About Sumit Sabharwal
Sumit Sabharwal is the Country Leader for India at Deel, overseeing its operations and expansion. Deel serves over 35,000 clients across 150+ countries, offering solutions for payroll, HR management, and contractor services.
With a career spanning leadership roles at top organizations, Sumit combines expertise in HR and technology. He is also a PhD scholar in Management at NMIMS and has pursued advanced studies in international business and organizational leadership.
His vision for India focuses on creating a globally competitive workforce through technology and skill development.
