Budget Expectations Across Industries

Agriculture and Allied Sector

The industry anticipates a subsidy allocation of Rs. 1.75 lakh crore for urea and non-urea fertilizers. There is a demand for reduced import duty on phosphoric acid and rock phosphate, as well as incentives for promoting organic fertilizer production.

Automotive and Auto Components

The focus remains on electric vehicles and enhancing charging infrastructure. Expectations include incentives for EV adoption, a simplified GST framework, and faster deployment of electric buses and trucks.

Financial Services

The banking sector anticipates measures to improve deposit inflows, encourage credit flow, and address the differences between banks and NBFCs. The MFI sector seeks dedicated funding and a credit risk cost-sharing structure.

Insurance and Others

Infusion of capital in public sector insurance companies is expected, along with reforms to promote insurance accessibility. GST reduction on term life and health insurance, as well as optimization of the IBC, are also expected.

Hospitality and Tourism

The industry hopes to gain "infrastructure" status for hotels and "industry" status for travel and tourism. It anticipates increased investments in sustainable tourism and rationalization of taxes across hotel categories.

Pharmaceuticals and Healthcare

A healthcare budget increase is expected to enhance infrastructure in rural and semi-urban areas. Incentives for R&D, reduction in GST on health insurance premiums, and incentives for domestic healthcare device manufacturers are also anticipated.

Real Estate

The industry seeks priority on affordability through CLSS reintroduction, tax holidays for developers, and extended tax benefits. Allocation to the SWAMIH fund and reduced GST rates for construction materials are expected.

Thermal Power, Distribution, and Transmission

"Make in India" initiatives are expected to promote domestic manufacturing of smart meters and transmission equipment. The extension of ISGT charge waiver, enhanced capital allocation for transmission infrastructure, and green energy measures are anticipated.

Renewable Power

To achieve the 500 GW non-fossil fuel capacity target, the sector expects extension of ISTS charge waiver, enhanced capital allocation for Green Energy Corridor projects, rationalization of GST on RE components, and support for offshore wind and green hydrogen development.

Roads and Highways

The industry anticipates an increased budgetary allocation, a gradual shift to BOT-Toll project awarding, and greater focus on asset monetization. Resolving execution challenges and land acquisition issues remains crucial.

Sugar and Allied Sector

The sector hopes for an increase in Minimum Support Price (MSP) of sugar, relaxation of sugar export restrictions, upward revision in ethanol procurement prices, and inclusion in the 'Priority Sector' category.

Telecom Sector

To support digital transformation, expectations include PLI schemes for domestic telecom equipment manufacturing, tax holidays for data centers, and clarification on income taxation for non-resident telecom operators.

Textile

Interest equalization for export credit, a PLI scheme for cotton-based fabrics and apparel, and a reduction in BCD rates on MMF fibres and essential chemicals are anticipated.

Steel

The industry expects continued emphasis on infrastructure to drive steel consumption. Incentives for domestic manufacturing, reduction of import duties, and support for domestic production of metallurgical coal may be considered.