Mon Jan 20 13:53:48 UTC 2025: ## India Inc. Urges Increased Capital Expenditure in Upcoming Budget
**Mumbai, India** – As India prepares for Budget 2025-26, industry leaders are calling for a significant increase in capital expenditure and infrastructure spending to boost economic growth amidst global uncertainties. Reserve Bank of India Monetary Policy Committee member Nagesh Kumar emphasized the crucial role of capex in driving future expansion. This demand comes alongside requests from the space sector for production-linked incentive (PLI) schemes, tax holidays, and increased utilization of satellite data. The emphasis on infrastructure development and technological advancement highlights the priorities for India’s economic future.
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