From rails to renewables: How each sector is pinning its hopes on Budget 2025
Subscribe to enjoy similar stories. India is set to present its Union budget this year against a backdrop of fragile economic environment, inflationary pressures, global uncertainties, and growing fiscal demands. Policymakers are advocating for a balance between growth stimulus and the need to maintain fiscal discipline.
Various stakeholders are emphasizing infrastructure development, job creation, and inclusive growth. Market observers are keenly watching for signals on capital expenditure, consumption, disinvestment, energy transition, and other critical areas as the government explores measures to accelerate reforms. In this context, we take a look at the expectations and hopes of each major sector from the Budget, as pieced together by Mint's correspondents.
These pieces highlight the measures industries hope to see to catalyse growth and put India on a sustainable development path. Click on each link to read the full article about each sector. Infrastructure continues to be a priority sector for the government, especially since the covid-19 pandemic. The government is building on an allocation of ₹11.11 trillion—3.4% of GDP—for capital expenditure in last year’s Budget, marking a notable increase from ₹3 trillion (1.6% of GDP) in 2018–19.
This momentum is helping compensate for tepid private investments, but maintaining infrastructure spending at current levels while reducing the deficit to 4.5% presents a significant challenge. The finance minister is weighing demands for sops to boost consumption, creating competing pressures on the Budget. In the healthcare sector, stakeholders are pushing to lower critical treatment costs and seeking expanded insurance coverage.
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