Advertisement
The Finance Minister held a detailed consultation with senior leaders from major infrastructure and energy companies earlier this week as part of the ongoing preparations for the forthcoming FY27 Budget. Representatives from Afcons, Shapoorji Pallonji Infrastructure Capital, GMR Group, JM BAXI Group and Infravision Foundation shared sector-specific inputs, while senior officials from key ministries and the Railway Board also participated. The upcoming Budget, expected to be presented in the near future, will be framed against ongoing geopolitical uncertainties, including the steep 50 per cent US tariff on Indian shipments, and the need to reinforce demand and employment generation.
The Finance Minister engaged with experts from the infrastructure and energy sectors earlier this week to gather their recommendations for the forthcoming FY27 Budget. The session drew participation from senior industry leaders, including Afcons Managing Director S Paramasivan, Shapoorji Pallonji Infrastructure Capital Director Manish Tripathi, GMR Group Deputy Managing Director K Narayanarao, JM BAXI Group Director Sandeep Wadhwa and Infravision Foundation CEO Jagan Shah, among others. Advertisement
According to a post shared by the Ministry of Finance on X, the ministry stated that the Finance Minister chaired the eleventh pre-Budget consultation with representatives from these sectors in New Delhi. The communication further noted that the meeting was attended by officials from the Ministry of Power, Ministry of Ports, Shipping and Waterways and the Ministry of Road Transport and Highways, alongside the Chairman of the Railway Board and the Chief Economic Adviser.
The Finance Minister is expected to present the Budget shortly, and it will be drafted amid persisting geopolitical challenges, including the recently imposed 50 per cent tariff by the US on select Indian shipments. Given these headwinds, the government is expected to focus on stimulating domestic demand, strengthening employment opportunities and steering the economy towards a sustained growth trajectory exceeding 8 per cent.
For the ongoing financial year, official projections suggest that the Indian economy will expand within a band of 6.3 per cent to 6.8 per cent, reflecting moderate momentum despite global uncertainty.
Source - PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
