The Federation of Indian Chambers of Commerce and Industry (FICCI) conducted its ‘Pre-Budget Survey 2026–27’, capturing industry sentiment and outlining key policy recommendations ahead of the forthcoming Union Budget. The survey reflects strong optimism across industry, with nearly 80 per cent of respondents expressing confidence in India’s growth prospects. About half of the participants expect GDP growth to remain in the 7–8 per cent range in FY 2026–27, reaffirming faith in India’s medium-term fundamentals despite persistent global uncertainties. Industry also underscored the importance of fiscal prudence, with around 42 per cent of respondents expecting the fiscal deficit target of 4.4 per cent of GDP to be achieved in FY 2025–26, reinforcing confidence in the Government’s fiscal consolidation roadmap. Based on the survey, three macroeconomic priorities clearly emerge for the Union Budget 2026–27: job creation, a sustained thrust on infrastructure, and stronger support to exports. Amongst the sectors expected to be in focus, respondents identified infrastructure, manufacturing, defence and MSMEs amongst others.
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