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India Inc Bullish on Growth Ahead of Budget 2026-27: FICCI Survey

A new FICCI survey reveals strong optimism in India's business community, with 80% confident in the nation's growth prospects ahead of the Union Budget 2026-27. Industry leaders have identified job creation, infrastructure, and export support as top macroeconomic priorities. Key recommendations include establishing a mega electronics industrial cluster and increasing defence capital outlay to 30% for modern capabilities. The report calls for the budget to streamline customs, simplify regulations, and balance growth with fiscal discipline.

Key Points: FICCI Survey: India Inc Optimistic on Growth Before Budget 2026-27

  • 80% of businesses confident in growth
  • Job creation top priority
  • Call for mega electronics cluster
  • Push to modernize defence
  • Simplify customs & regulations
2 min read

India Inc bullish on growth ahead of Union Budget 2026-27: FICCI Survey

FICCI survey shows 80% of Indian businesses are confident in growth, prioritizing jobs, infrastructure, and exports ahead of the Union Budget 2026-27.

"balance growth imperatives with fiscal prudence - FICCI report"

New Delhi, January 27

The Indian business community remains optimistic about the country's economic trajectory despite global headwinds, according to the latest 'Pre-Budget Survey 2026-27' released by the Federation of Indian Chambers of Commerce and Industry. The survey reveals that nearly 80 per cent of respondents expressed confidence in India's growth prospects, with half of the participants expecting a GDP growth rate between 7 and 8 per cent in the upcoming fiscal year.

This sentiment highlights a strong faith in the nation's "medium-term fundamentals despite persistent global uncertainties," while reinforcing the importance of the government's fiscal consolidation roadmap.

As the Union Budget approaches, industry leaders have identified job creation, infrastructure development, and export support as the three primary macroeconomic priorities. To boost the manufacturing sector, FICCI suggests the establishment of a "mega electronics industrial cluster to co-locate OEMs, EMS firms and component suppliers." There is also a significant call to modernise the nation's defence capabilities, with recommendations for the government to "enhance the capital outlay share in defence allocations to 30%" to support the development of UAVs, AI-enabled capabilities, and electronic warfare systems.

Addressing the challenges of global trade frictions and new international regulations, the survey emphasises a "need for stronger support to exports as a key priority."

Respondents have urged for the streamlining of customs processes and a reduction in logistics bottlenecks. A specific proposal includes the rationalisation of customs tariffs by "converging rate slabs to three levels," a move intended to simplify the system and reduce compliance costs for businesses. Additionally, the industry is looking for enhanced allocations under the RoDTEP scheme to maintain export competitiveness in a volatile global market.

On the regulatory side, the survey highlights a collective desire for "compliance simplification, digitization, and providing tax certainty." Businesses are particularly focused on improving dispute resolution and litigation management to create a more investor-friendly environment. Ultimately, the FICCI report suggests that India Inc expects the forthcoming budget to "balance growth imperatives with fiscal prudence" while accelerating reforms that will firmly position the country within global value chains.

- ANI

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Reader Comments

P
Priya S
Finally, a clear call to simplify customs and reduce logistics bottlenecks! As a small exporter, the compliance cost is killing us. Converging tariff slabs to three levels would be a game-changer. Hope FM Sitharaman is listening.
R
Rohit P
Defence modernisation with AI and UAVs is crucial for our sovereignty. Glad FICCI is pushing for higher capital outlay. We must become atmanirbhar in defence tech. Jai Hind!
S
Sarah B
While the bullish sentiment is positive, I respectfully disagree that growth is evenly felt. The survey likely represents larger corporations. What about the MSME sector's challenges with credit and delayed payments? The budget needs a dedicated plan for them.
V
Vikram M
"Balance growth with fiscal prudence" - this is the key. We cannot have reckless spending. Infrastructure development is good, but it must be efficient and corruption-free. Hope the budget focuses on execution quality, not just allocation size.
K
Kavya N
Tax certainty and better dispute resolution are so important for attracting long-term investment. The constant fear of retrospective tax notices hurts business sentiment. Simplify, digitize, and provide clarity. 🙏

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