According to sources to give a boost to domestic manufacturing and its 'Make in India' program, the government is expected to increase import duty on certain items related to power, capital goods and chemicals sectors. Meanwhile the industry leaders stated that health care industry is anticipating a better role for private sector in the country's health system, a boost to the Public and Private Partnership (PPP) will also help.
Further structured tax benefits, high investment in the diagnostics sector, better budget allocation for primary health centers are some of the demands from the health industry. Meanwhile the FMCG players (Fast Moving Consumer Goods) expect the government to make labor markets more attractive and resume stalled infrastructure projects to create more jobs across sectors.
Sources added that to improve credit flow in the
agriculture sector, the farm credit target is expected to be raised by Rs. 1
lakh crore to a record Rs. 11 lakh crore. This budget is expected to make
policy measures and give a stimulus to the agricultural sector on irrigation,
crop insurance and agricultural credit to help cash starved fertilizer players.
