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What does Indian industry want from February's budget?

Indian Finance Minister Nirmala Sitharaman will present the national budget on Feb. 1, amid slowing growth in Asia's third largest economy and rising global uncertainties.
The article from Reuters discusses the expectations of Indian industry leaders from the upcoming February 2025 budget. Key points include a call for continued infrastructure investment, simplification of the Goods and Services Tax (GST) structure, and incentives for sectors like manufacturing, renewable energy, and technology. Industry leaders are also pushing for policies that would boost employment, ease of doing business, and support for small and medium enterprises (SMEs). There's a strong emphasis on fiscal discipline to manage the fiscal deficit, alongside demands for tax relief for the middle class, and measures to enhance rural consumption. Additionally, there is a focus on promoting innovation, research and development, and addressing environmental concerns through sustainable practices. The budget is seen as crucial for setting the economic tone for the next fiscal year, with expectations high for measures that would help India maintain its growth trajectory amidst global economic uncertainties.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/india/what-does-indian-industry-want-februarys-budget-2025-01-14/ ]