Building the Growth Framework

India has earmarked a substantial Rs.11.21 trillion in the Union Budget 2025-26 for the infrastructure sector, underscoring the central government’s commitment to driving economic growth through robust infrastructure development. This allocation is poised to enhance connectivity, boost employment, and foster private sector participation as the country aspires to utilise the sector’s potential to become a developed nation by 2047.

“The 2025 Union Budget offers a clear path forward, focusing on sustainable growth, affordable housing, and infrastructure development. The completion of 50,000 dwelling units in stressed housing projects and the Rs.1.5 trillion allocation for infrastructure will bring much-needed relief to middle-class families, helping them move closer to homeownership while fostering rapid urbanisation. We are optimistic about the `10 trillion asset monetisation plan, which will infuse capital into new projects, sparking innovation across key sectors.”

- Arun Shukla, President & Director,JK Lakshmi Cement

“Enhanced support of Rs.1.5 trillion to state capex in the form of interest-free loans, the National Monetisation Pipeline 2.0 which proposes to plough back `10 trillion in new projects over 2025-30, creation of a three-year pipeline of PPP projects in all infrastructure ministries will help keep up the momentum in infrastructure building that India has achieved over the last few years.”

- Sanjiv Puri, President, CII & Chairman &; Managing Director, ITC

“The Rs.1.5 trillion in long-term PPP infrastructure investment, coupled with the Rs.1 trillion Urban Challenge Fund, signals a new era of urban modernisation and economic resilience. Strategic initiatives like global manufacturing clusters and clean tech advancements under the National Manufacturing Mission will position India as a global industrial powerhouse. By promoting domestic production of critical components like wind turbines, solar components, electrolysers and batteries, we are fostering innovation and sustainable growth.”

- Vineet Mittal, Chairman, Avaada Group

“The coordinated three-year project pipeline of the government, which is supported by ministries and the India Infrastructure Project Development Fund (IIPDF), will not only speed up the completion of projects but also sustain private sector participation. Further strengthening this momentum, the launch of the second Asset Monetisation Plan, with `10 trillion earmarked for reinvestment, underscores the commitment to leveraging existing assets to fund new projects. Besides, sharing PM Gati Shakti data with private players will help improve project planning and execution, and minimise inefficiencies in resource utilisation.”

- Kavita Shirvaikar, Managing Director, Patel Engineering

The Rs.1.5 lakh crore investment in renewables and the removal of duty barriers on critical minerals is a direct call to action for businesses—if you're not pivoting towards sustainability, you’re already behind. The next decade will belong to companies that can integrate clean energy, smart grids, and energy-efficient solutions into their business models.”

- Vijay Karia, Chairman &; Managing Director, Ravin Group

“The National Manufacturing Mission’s targeted support for all renewable energy sources is a welcome move, as it reinforces India’s commitment to a level playing field and ambitious energy goals. The expected outcomes are promising: surpassing the 500 GW target and creating nearly 3 million green jobs. Additionally, incentives for electricity distribution reforms and intra-state transmission upgrades will likely improve the financial health of power companies and enable better grid integration of renewables.”

- Girish Tanti, Vice Chairman, Suzlon

“By developing top destinations in partnership with states, enhancing medical tourism through the ‘Heal in India’ initiative, and introducing visa reforms, India is strengthening its appeal as a world-class travel and healthcare hub. The inclusion of hotels in the harmonised scheme and visa waivers for select foreign tourists further reinforce a comprehensive, future-ready travel ecosystem.”

- Lucas Ramos, Senior Director, Travel & Membership for Asia, Pacific & India, RCI

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