CII Urges FM for Measures to Boost Consumption in Union Budget 2025

With the Union Budget 2025-26 slated for February 1, the Confederation of Indian Industry (CII) has demanded a slew of measures from the Finance Ministry, urging that the focus should be on boosting consumption, upping the daily minimum wage, and raising the annual payout under the PM-KISAN scheme, among others.

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CII demanded that to boost consumption, especially at the lower income level, reducing excise duty on fuel is crucial, as fuel prices significantly drive inflation, forming a substantial portion of the overall household consumption basket.

The central excise duty alone accounts for approximately 21 per cent of the retail price for petrol and 18 per cent for diesel.