What are your key expectations from the upcoming Budget?
The government has been consistent in its approach and vision year after year from the perspective of the Budget. It should continue in this manner.
We have recommended capital expenditure (capex) increase 15 per cent in comparison to what it was in FY25 at ₹11.1 trillion.
Apart from that, we want a greater allocation to green energy and circular economy. We have also recommended a simplified TDS (tax deducted at source) rate structure and do more for "ease of doing business".
Why do you think private capex is not increasing? Is it because of increasing uncertainty that industry is not very keen to invest?
To say that private capex is not happening or is not increasing might not be the right thing. The Reserve Bank of India (RBI) has said it is estimating private investment to increase by more than 50 per cent in comparison to last year.
Covid had an impact on demand and consumption. Now, industry has coped with it and balance sheets have been deleveraged.
Bu hikaye Business Standard dergisinin December 13, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin December 13, 2024 sayısından alınmıştır.
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