The Logistics sector has pitched for prioritising capital expenditure in prominent infrastructure projects and more financial incentives for the sector. More tax incentives, charging infrastructure subsidies, and financial support for R&D for the EV industry.
Renewable and new energy sectors are hopeful the FM will ease access to financing for green energy initiatives in her interim Budget. India aims to achieve 50 percent cumulative installed power generation capacity from non-fossil fuel sources by 2030.
Economists expect the government to give farmers more financial support after a number of aggressive steps it took last year to curb soaring food prices — like banning exports of rice, wheat and sugar — reduced farmers’ incomes.
Hopes to have directives for faster approvals enabling realisation of CapEx from the private sector, incentives for R&D to foster innovation, easier access to imported materials that could reduce production costs and also incentives to boost export-competitiveness.
Greater approved budget for NHAI to reduce borrowing and, therefore road development project costs. higher outlay on local manufacturing of railway coaches for Amrit Bharat and Vande Bharat trains, and the development of railway stations, airports, and ports.
Spiritual tourism is poised to be a key focus this year, and its is anticipated that more measures aimed at enhancing infrastructure, and accessibility, including last-mile connectivity in spiritual and cultural hubs across India.