FICCI's Vision for Budget 2025

Finance Minister Nirmala Sitharaman's Union Budget 2025 is expected to prioritize investments and the implementation of next-generation reforms, as per FICCI's recommendations. The focus on capex and ease of doing business is deemed crucial for India's economic growth.

Economic Resilience and Growth Projections

The Indian economy has shown resilience amidst global challenges, with the Economic Survey 2023-24 projecting growth at 6.5-7.0 percent for fiscal 2024-25. This is a slight moderation from the 8.2 percent growth in 2023-24 but remains encouraging given the global economic environment.

Recommendations for Union Budget 2025-26

FICCI suggests maintaining the investment thrust and implementing next-generation reforms in factor markets. Creating inter-state institutional platforms, similar to the GST Council, is proposed for reforms in land, labor, and power sectors. The capital outlay in Union Budget 2024-25 was Rs 11.11 lakh crore, with a proposal to increase capex in FY26 by 15 percent over 2024-25.