Budget needs to focus on education, health, PLI, capex: Assocham's Sumant Sinha
Assocham also called for relief on the direct tax front, given the buoyancy witnessed in tax collection in the current financial year.
Assocham also called for relief on the direct tax front, given the buoyancy witnessed in tax collection in the current financial year.
Modi said that the government has encouraged foreign capital flows, lowered taxes on infra investment, and set up institutions to boost economic growth.
India incurs the highest logistic cost (14%) in the world as a percentage of GDP in comparison to the likes of the US and Germany (8%-9%).
The Union Budget has given an increased allocation of ₹83,000 crore for the health ministry (₹71,000 crore in 2021).
Shares of PNC Infratech gained as much as 7.75% intraday, followed by IRB Infra, KNR Constructions, NCC, GMR Infra, L&T, and NBCC (India), among others.
With just about three weeks to go, Fortune India brings you key recommendations to finance ministry by industry bodies ahead of Budget 2022.