CEOs Urge Reforms for India's Budget 2026 Growth

Over 70 CEOs and business leaders have outlined their expectations for Budget 2026, emphasizing the urgent need for continued reforms and strong capital expenditure. Discussions at the CNBC-TV18-CII Budget Barometer highlighted a consensus on improving manufacturing competitiveness and boosting exports. Leaders called for ambitious disinvestment targets and enhanced production-linked incentive (PLI) schemes.

Experts also stressed the importance of government capex, potentially reaching ₹14 lakh crore, to support infrastructure projects like high-speed rail. Improving logistics, energy costs, and facilitating trade through free trade agreements (FTAs) are crucial for making Indian exports more competitive. Calls were also made to incentivize research and development, aiming for 3% of GDP.

Concerns about unfairly priced imports, particularly in the steel sector, were addressed, with an emphasis on fair competition rather than protectionism. Stable policies and a predictable tax environment are essential for attracting long-term investors. The need for simpler tax structures and relaxed capital gains rules was also noted.

Further discussions focused on manufacturing ecosystems and energy infrastructure. Leaders urged faster adoption of clean energy, focusing on round-the-clock power and energy security, targeting 1,000 GW capacity by 2032. Strengthening public health systems and fostering R&D partnerships were also key points.

Discussions extended to education reform, job creation, and deregulation to attract high-net-worth individuals. Leaders highlighted the importance of simplifying compliance, supporting mid-sized companies, and ensuring economic growth is inclusive and jobless. Overall, the consensus is for a budget that enhances competitiveness and investor confidence.