Sun Jan 19 16:58:03 UTC 2025: ## India Inc. Urges Budget 2025-26 to Prioritize Infrastructure Spending Amidst Global Uncertainty
**NEW DELHI** – Indian businesses are calling for a significant boost in capital expenditure and infrastructure development in the upcoming Budget 2025-26, according to leading voices in the industry and the Reserve Bank of India (RBI). This focus is seen as crucial for driving economic growth amidst a challenging global landscape.
Nagesh Kumar, a member of the RBI’s Monetary Policy Committee, specifically highlighted the need for increased capital expenditure and infrastructure spending. Meanwhile, the space sector is advocating for a Production-Linked Incentive (PLI) scheme, tax holidays, and greater utilization of satellite data. These requests underscore the broad-based need for government support to stimulate growth across various sectors.
The call for increased investment comes as India’s economy navigates global headwinds and as various sectors grapple with their own challenges. While the air travel sector has experienced a recent rebound, other areas are seeking government assistance to maintain momentum and competitiveness.
First Piper 