IT-BT Budget Round Table 2025: India concerned about deceleration in global growth, but has to be prepared, says Finance Secretary
On Tuesday, India is concerned about the threat of tariff campaigns offered by USA, Finance and Revenue Secretary, and the trade threat, while indicates that India does not look at any protection.
“Mostly, which is worrying, it is the threat of world growth and trade. Each people suffer, and we are also affecting, “Pandey said today in India today, celebrating the 1929 depression that the 1929 depression emphasized. He answered the question of whether Rupee’s devaluation against the US dollar is worrying.
“We are worried about the fact that the defense will lead to a slowdown in global growth and trade, but we must be ready for the situation,” he said.
Sandire, however, said that India defended its national interest in position and does not enter any defense regime. Touching upon the rationalization of the customs duties on the 2025-26 of the Union, he said that about 6,000 tariff lines are less than 10% of about 8,000 tariff lines. “The average tariff level is 10.6% close to ASEAN. We understand that we have consumers and the industry’s economic competitiveness, “he said.
The budget development, Pandey noted that it is neither inflationary and the target of 4.4% fiscal deficit is “within our borders” for FY26. He also stressed that capital expenditures remain “at a very high level”, noting that effective capital expenditures in FY26 are projected at 15,48 Rs, which is 17% growth from FY25. CPSES will also invest in capital expenditures at Lakh Rs 4.5 Rs Crore, and states will also invest in their resources in Capex.
“We are only looking at one figure, which is directly copied,” he said, denying the center that the center did not strengthen Capex in the 2025-26 budget, 10.18 Lakh Crore in FY25. increased from revised score.
In the union budget, the help of income tax aid will have an impact on savings and consumption and medium-class help, efforts are not a private sector.
“We want the private sector to invest more. We want the animal’s spirit to rejuvenate. There will be additional demand for private investors to invest, “he said.
2025-26 The union’s budget suggested that the annual income should be zero.
Pandey also expressed hope that the GST board will send the rationalization of the interest rates on the goods and services tax. “There is implementation and the forthcoming rationalization. So a balanced point of view must be carried out. The GST board stops the case and it will bring it back, “he said.
English