Pre-Budget 2026 Quotes
- January 28, 2026
- Posted by: AscentHR
- Categories: In the Press, Industry Story
Finally, as multiple sectors outpace the available skilled workforce, Subramanyam S, CEO, Ascent HR Technologies, shares that the Budget must “connect skilling to employability through formal benefits and compliance structures, not just training programmes.” Asserting that India does not face a job creation challenge but rather a job formalisation and productivity gap, he adds, “What the industry needs most in the upcoming Budget 2026 is not more hiring subsidies, but a simpler, predictable compliance framework that allows companies to hire faster and with confidence. When hiring becomes easy, especially for MSMEs and start-ups, employment follows automatically.”
Published on January 29th 2026
“With India’s new labour codes now a reality, the real test in the coming Budget will be whether policy moves from legislation to execution. Employers need clarity, digital readiness and compliance continuity — not just new rules. A strong Budget will be one that funds enforcement infrastructure, digitisation and transition support so businesses can implement the codes without operational shocks,” says Subramanyam S, CEO, AscentHR Technologies.
Published on January 27th 2026
Labour reforms need execution focus, says HR technology sector
Businesses are seeking clarity and transition support as new labour codes move towards implementation.
“With labour codes now in place, Budget 2026 must focus on execution rather than new legislation. Employers need digital readiness, compliance continuity and funded enforcement infrastructure to avoid operational disruptions. Simplifying labour compliance and statutory reporting for start-ups will significantly boost entrepreneurship, while predictable frameworks will improve hiring confidence, particularly among MSMEs,” according to Subramanyam S, CEO, AscentHR Technologies.
Published on January 25th 2026
Subramanyam S, CEO, AscentHR Technologies:
“India’s entrepreneurial energy is not constrained by ideas — it is constrained by complexity. A Budget that simplifies labour compliance and statutory reporting for start-ups will do more to support entrepreneurship than any number of grants. When founders can focus on growth instead of filings, the economy benefits.”
“With India’s new labour codes now a reality, the real test in the coming Budget will be whether policy moves from legislation to execution. Employers need clarity, digital readiness and compliance continuity — not just new rules. A strong Budget will be one that funds enforcement infrastructure, digitisation and transition support so businesses can implement the codes without operational shocks.”
“HRMS and payroll systems are no longer back-office tools — they are the digital backbone of India’s workforce. If the Budget recognises this and promotes enterprise-grade HR and payroll technology adoption, especially among MSMEs, it will directly improve tax compliance, social security coverage and employee trust across the economy.”
The common thread across these expert views is clear: Union Budget 2026 should focus on durable, systemic changes rather than one-off measures. In electronics, this means amplifying localisation and innovation incentives. In real estate, it calls for faster green approvals, infrastructure continuity, and stable capital access. In HR and startups, it demands reduced compliance burden, funding for labour code rollout, and promotion of digital workforce tools.
Such a balanced, forward-looking approach could significantly strengthen self-reliance in manufacturing, deliver climate-resilient and livable cities, formalise employment at scale, and unleash entrepreneurial potential — all critical pillars for India’s long-term economic resilience and inclusive prosperity.
Published on January 22nd 2026
According to Subramanyam S., CEO of AscentHR Technologies, India’s biggest employment challenge is not a lack of jobs but complex compliance systems. Simplifying and digitising labour codes could significantly improve hiring across sectors.
Budget 2026 is expected to address this by reducing administrative hurdles, enabling businesses—especially MSMEs and startups—to expand their workforce with confidence.
Published on January 21st 2026
According to Subramanyam S., CEO of AscentHR Technologies, the problem in India isn’t jobs, but rather one of difficult compliance. If the budget digitizes and simplifies labor codes, hiring will automatically increase.
Published on January 21st 2026