New delhi: Ahead of Union Budget on February 1, About 64 per cent of Industrialists Expressed Optimism Regarding India’s Growth in a “Quick Survey” Conducted by the Federation of Indian Chams of Commerce and Indust .
According to the Survey Results, Nearly 60 per cent of participants projectioned a gdp growth rate between 6.5 and 6.9 per cent for 2025-26.26.though the numbers mark aDeration from ED in 2023-24 – It is in sync with persistent headwinds on account of external factors, the survey added.
“The Government’s Commitment to Fiscal Consolidation has put us in a good state and the survey participants expected the government to remain on that courses,” The Survey Said.
According to the survey, about 47 per cent of participants expected the government to meet the fiscal deficit target of 4.9 per cent for fy fy 2024-25 and another 24 per centar 24 per cent Cal Deficit Number for the Current Year.
The Current Round of Ficci’s Pre-Budget 2025-26 Survey Was Conducted Between Late December 2024 and Mid-January 2025.The Survey Drew Responses from Over 150 COMPANING DIVERS Comprehensive Insight INTO INCI SENTIMENTS AMIDST MODEST MODES Significant focus of the survey was on macroeconomic policy interventions. The Majority of Respondents Highlighted The Need for Sustaining Public Capital Expenditure, with 68 per cent on Calling for a thrust on Capex to Sustain the Growth Momentum.
At least a 15 per cent increase in Capex Allocation for 2025-26 is being looked forward to by members of the Indian Industry.Additionally, Over Half of the Respondents Emphahsised the IPTANCA The ease of doing business.
Reforms Pertaining to Factors of Production – Particularly with Respect to ARAS LIKE LAND Acquisition, Labor Regulations, and Power Supply – Remain Important.Last. Ext Generation of Reforms – The Industry Members Look Forward to Further Guidance on The same.further, Concern was expressed Regarding the MUTED DEMAND SITUATION.
A Significant Number of Industry Members have called for a review of the direct tax structure. A Relook at the Slabs and the Tax Rates is Warranted as This Black Leave more money in the hands of people and spur consumption demand in the economy.s Inventivizing the development of green Technologies/Renewables and EVS, and Esing Compliances Through Digitization.
On the taxation Front, Providing Tax Certain, Addressing Custom Duty Inversion, and Rationalization of TDS Provisions Were Highlighted as Important Themes by the Participants.The Participants ALSO ALSO Y Scheme Under Customs, with 54 per cent favorite ITS INTORODUCTION TO ENABLE SWIFT Resolution of disputes, as per the survey.the sectoral focus for the upcoming budget was clea S Critical Areas for Policy Attention.
Nearly 40 per cent of the Respondents Stressed The Continued Need to Support the MSMES, Given the Pivotal Role of the Sector in Driving Employment Creation. Targeted Measures for MSMES ENSURINED CREDIT Access, and Support for Adoption of New Technology and Sustainability Measures were called for.
Export Competitiveness Alaso Emerged as a Priority, With Respondents Emphasizing Further Improvement in the Efficiency of Logistics and Continuation of Interest Equalization Schemes to enhan Ion.The Findings reflected the Continuation of a Balanced Approach to Growth, with reforms aimed at enhancing productivity account key sector.
Additional, Participants Stressed The Importance of Aligning Macroeconomic Policies to Strengthen India’s Resilience Against Global Headwinds, Including Geopolitical Enserrties, Information pply chain disruptions.
The Budget Must Continue Strengthaning The Foundation for Long-Term Economic Expsion While Addressing Pressing Macroeconomic Issues.union Budget 2025-26 Portune to Further Strengthen India’s position in the Global Economy and Highlight Its Credentials as a Leading Investment Destination, The Respondents Added.