We need regulatory frameworks, policies, driving innovation, entrepreneurship, MSMEs': Neotia

REITs and InvITs need to be boosted. To deepen the investment market, reforms to make REITs (Real Estate Investment Trusts) and InvITs (Infrastructure Investment Trusts) more tax-efficient and accessible to retail investors would stimulate institutional and global interest in Indian real estate

- RITWIK MUKHERJEE

Sustainable infrastructural development seems to be the key expectation of the India Inc from the forthcoming Union Budget.

"As a committed advocate of India's sustainable economic growth, I hope the government looks to prioritise strong infrastructure development, streamline regulatory frameworks, and policies that drive innovation and entrepreneurship. Emphasis on supporting MSMEs, improving ease of doing business, and incentivising digital transformation will certainly make a difference," said Harshvardhan Neotia, Chairman, Ambuja Neotia Group. Additionally, advancing green energy initiatives and fostering financial inclusivity are imperative for long-term economic resilience.

"We expect measures to stimulate private investments and equitable growth across sectors, further solidifying India's position as a global economic leader. A balanced and forward-looking budget focused on growth and self-reliance will help realise the aspirational vision in unlocking the nation's full potential and achieving its ambition of becoming a resilient economic powerhouse," said Neotia.