By CNBCTV18.COM | Jan 30, 2025 9:05 am IST (Updated)
Budget 2025 Expectations LIVE: Finance Minister Nirmala Sitharaman is set to present the Union Budget on February 1, 2025, which plays a crucial role in shaping India’s economic future. The Budget serves as a strategic tool for resource allocation, addressing inequality, stimulating business growth, and generating jobs. It balances the needs of various sectors, ensuring inclusive progress and tackling key challenges such as unemployment, inflation, and regional imbalances.
Budget 2025 Expectations LIVE: Indian steel industry leaders are urging the government to implement protectionist measures in the upcoming Union Budget 2025-26 to curb steel dumping and ensure a level playing field.
Industry executives emphasise the need for higher customs duties on non-FTA stainless steel imports, fiscal incentives, and logistical support to offset rising input costs.
They also seek continued infrastructure investments and tax benefits for green steel initiatives.
The sector views these steps as crucial for sustaining growth and achieving India’s Viksit Bharat@2047 vision.
