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Industry representatives emphasise that the availability of charging stations remains a major roadblock to EV adoption, especially in tier-2 and tier-3 cities.
The agriculture industry is pinning its hopes on the government to announce measures to improve rural infrastructure, bolster crop insurance and incentives for key crops to boost farmers' incomes in the Union Budget 2025.
MD & CEO of Indian Gas Exchange (IGX) Rajesh Mediratta said the budget should include reforms to support consumption of natural gas, specifically, piped natural gas (PNG).
Despite the recent upturn in hotel stocks due to strong demand, challenges such as a severe heat wave and election disruptions during the April-June quarter impacted recreational spending.
Budget 2024 is expected to significantly enhance the real estate sector with industry status, tax reliefs, and reforms to boost affordable housing and project funding.
Shipping and shipbuilding stocks surged as investors anticipate the Union Budget 2024 will boost the sector with a revived PLI scheme, a maritime development fund, and green shipping initiatives.
In a rare and exclusive interview with Moneycontrol's Ashwin Mohan, top dealmaker and non-executive vice chairman of JM Financial, Vishal Kampani says investors are not nervous of populist pressure in Budget 2024 even as he bats for higher capex spends. Kampani feels the existing capital gains tax regime should be simplified and streamlined . He adds that global private equity funds are thrilled with the exit momentum in India, calling it the most exciting market in the world after the US. He also predicts more MNC IPO's and more m&a action in financial services amongst other sectors. Watch the budget special of Deal Central
Will the upcoming budget have a greater focus on the rural sector which in turn could boost rural incomes and thus have a ripple effect that can trickle down to the FMCG sector, industry and analysts tracking the sector are hopeful. The key beneficiaries of increased rural demand are expected to be blue-chip large-cap consumer staples players such as Dabur India, Hindustan Unilever, Nestle India or Godrej Consumer. Here’s a list of expectations that the FMCG would want to hear from FM Nirmala Sitharaman
In the gaming space, Nazara Tech and Delta Corp will be big movers if there is any change in the taxation structure.
Auto sector is keen on the government’s long-term roadmap on EV adoption, promoting domestic value addition, supply chain challenges, R&D, infrastructure development, etc
Union Budget 2024: The shipping industry anticipates the Budget to greenlight revised PLI schemes, port modernization funding, green shipping incentives, and potential extensions of financial aid policies.
"The Budget could include incentives and benefits for green initiatives in logistics which aligns with the overall decarbonisation goals of the government and the private sector," Rizwan Soomar, Chief Executive Officer and Managing Director, DP World North Africa and India Subcontinent, said.
The travel and tourism market in India is set to generate a revenue of $23.72 billion in 2024, with a projected annual growth rate of 9.6 percent over the next four years, according to a report by the India Brand Equity Foundation (IBEF).
The chemical industry has been hurting from a double whammy of weak demand and the influx of low-cost Chinese inventory in the global markets over the last year and hence is hoping for the government's measure to ease its pain.
India's ambitious targets under the Panchamrit pledge, aiming for a substantial share of non-fossil fuel sources in the energy mix by 2030 and striving for net-zero emissions by 2070, set a bold trajectory.
The pharma and healthcare sector has huge expectations from the Union Budget but on top of the list lies increased spending, support for more research and development initiatives and an expansion of the Ayushman Bharat Scheme.
Industry players reckon that the reduction of custom duties on EV components and encouraging R&D in battery technology will further accelerate local production and create jobs.
As Nirmala Sitharaman's Budget nears, the fertiliser sector is back with speculations over the subsidy bill for FY25, even as raw material prices sit on a decline.
The industry has also sought sops to promote electric vehicles and suggested the government bring in additional incentives for scrapping of vehicles in the upcoming budget.
Budget 2024: Builders have also demanded that tax rebate on housing loan interest should be enhanced to a minimum of Rs 5 lakh. Developer bodies like NAREDCO have demanded the roll out of the second tranche of the SWAMIH fund.
Industry players also expect announcements encouraging investments in petrochemicals and oil exploration.
Budget 2024-25: Rajesh Magow, Co-founder & Group CEO of MakeMyTrip thinks the time is right for the FM to build on the momentum the travel and tourism industry is in at the moment and introduce certain changes that would incentivise the players
Computer software and hardware, trading, services, telecommunications, automobiles, pharmaceuticals, and chemicals are among the primary sectors that draw FDI to India.