Industry Expectations Union Budget 2011 India, Budget Expectations, Industry Budget, India Corporate Budget
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Industry expectations

Indian industry hopes that FM Pranab Mukherjee would offer a host of sops for nontax payers and the salaried class in the upcoming budget of 2011-12.

The Economic Survey 2010-11, which was tabled in Parliament, called for reforms in the realty sector, terming it as a key sector for India's growth.
The petroleum ministry has backed the oil companies on the issue but it remains to be seen whether finance minister Pranab Mukherjee factors this into his budget.
Apparel exporters have sought the government's intervention to control a sudden spurt in the prices of cotton and cotton yarn.
The industry has been urging the government to consider the changed circumstances since the previous budget was presented and restore the uniform excise duty structure.
Indian pharma companies also have a new concern - China - from where they source an increasing amount of bulk drugs and intermediaries.  
The sector is seeking tax sops, relaxation of foreign direct investment (FDI) norms and lower interest rates to give sales a boost.