
Budget 2025: Capex misses the mark, tax relief comes as an offset
Live MintThe Centre has been the bulwark of investments over the past five fiscals, building out infrastructure to stoke and sustain long-term economic growth. Two, direct interventions such as the production linked incentive schemes and the National Semiconductor Mission have generated strong investment interest, fostering domestic production, attracting foreign investment, and promoting a more competitive manufacturing landscape. As India undergoes a manufacturing renaissance, shifting from traditional sectors to high-technology ones such as solar photovoltaic, lithium-ion batteries and semiconductors, emerging sectors will drive capex growth. The continuation of last fiscal’s duty cuts, renewed focus on sectors such as solar, battery storage, wind and high-voltage transmission will support backward integration efforts. The results of such policies are becoming increasingly evident, reflecting the government's efforts to stimulate the manufacturing sector, although the fast-evolving global, technological and commodity dynamics will require close monitoring.
History of this topic

ICRA Projects 6.5% GDP Growth for India in FY26
Deccan Chronicle
Reverse capex drop, private finance stall for smooth growth
New Indian Express
India’s fiscal deficit hits ₹11.7 trillion in April-January period, 74.5% of FY25 target
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India’s Core Sector Grows 4.6% in Jan; Fiscal Deficit at 74.5%
Deccan Chronicle
UP Budget goes bigger, but fund utilisation remains a challenge
Hindustan Times
Past capex and robust rural demand will propel India’s economic growth: SBICap
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Indian economy likely grew by 6.2-6.3% in December quarter of FY25 on capex, demand revival: SBI
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PLI, DLI to See Deployment of Rs R 1.8 Lakh Cr Capex by FY25-End
Deccan Chronicle
‘Making budget more difficult than before; govt to use 99% borrowings in FY26 for capex’: FM Sitharaman
Live Mint
Capex Shortfall May Slow EPC Growth in FY26
Deccan Chronicle
Fiscal consolidation to slow as budget relies on tax measures to support economy: Moodys
Deccan Chronicle
Capital goods stocks rebound after 2-day slide, still well below recent highs
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Amid challenges, U.P. govt gets ready to present 2025-2026 budget
Hindustan Times
‘Limited scope for high capex allocation’
New Indian Express
Fitch says Budget is neutral for growth
The Hindu
A tightrope act: The budget does a good job of balancing divergent demands
Live Mint
Indian stock market dips today, but history shows positive trend in 6 out of 9 post-Budget sessions
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Centre will sustain capex: Expenditure secretary Manoj Govil
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Stocks to buy after Budget 2025: Maruti Suzuki, Bajaj Auto, ICICI Bank, BEL among top stock picks by Choice Broking
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Budget 2025: Today's consumption will fuel tomorrow's capex
New Indian Express
Beyond tax cuts, a closer read of the Union Budget
The Hindu
Union Budget 2025: Tax break will give a fillip to slowing economy, says Centre
The Hindu
Budget 2025's Push For Capex And Infrastructure Growth Will Help Steel Industry, Says ISSDA
ABP News
’Personal income tax buoyancy helped to offer relief; states may have deregulations as conditions for capex loans’
Live Mint
Budget 2025 - A fine blend of tax reforms and growth
Live Mint
Budget 2025: What govt doubling down on infrastructure spending can achieve
India Today
Union Budget 2025: Govt dials up consumption and walks the fiscal talk
Live Mint
No cheer in stock markets amid flat capex growth
New Indian Express
2025 Budget: Will it trigger the right animal spirits?
New Indian Express
Will they spend? A ₹1L cr question
Times of India
Hope in the time of desperation: On the Union Budget 2025
The Hindu
A Union Budget that ticks most of the boxes
The Hindu
What foreign brokerages Nomura and UBS have to say on Union Budget 2025
Live Mint
Budget aims to deepen electronic goods value chain; capex target disappoints industry
Live Mint
The budget’s horizon is closer: Just as our growth challenge needs it to be
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Budget 2025 puts Rs 1 trillion in India's pocket. Will it spend for its economy?
Firstpost
Centre balances fiscal discipline with robust capital spending, support to states
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Market and Budget 2025: Where should investors focus post Budget? 5 experts answer
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Budget 2025: India Boosts Capital Expenditure to Drive Growth | ABP NEWS
ABP News
Budget 2025 Key Highlights: From new income tax bill to infra initiatives, here are the key takeaways
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Budget 2025: Key numbers for world's fastest-growing major economy | Full details
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July Budget 2024 Recap: From new tax slabs to green energy boost, key takeaways from first budget of Modi 3.0
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Budget 2025 Impact: Sensex crashes nearly 900 points from day’s high, recovers later
New Indian Express
Quick take: What do the financial markets know of Budget 2025 that the rest of us too should?
New Indian Express
Budget Session 2025: Full text of President Droupadi Murmu's customary speech on India's economic growth
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Budget 2025: India set to achieve fiscal deficit target of 4.5% by 2026, says BofA
Live Mint
Budget 2025: Govt should boost capex by 10-15% to keep the economy humming
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Union Budget 2025: Key numbers and economic indicators to watch out for
Hindustan Times
Budget 2025: From tax tweaks to capex hike - here are 5 things stock market investors eye in upcoming Union Budget
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