FICCI Survey on India's Budget
Analysis based on 8 articles · First reported Jan 22, 2026 · Last updated Jan 23, 2026
The strong optimism regarding India's economic growth and fiscal prudence, as highlighted by the Federation of Indian Chambers of Commerce & Industry survey, is likely to positively impact investor confidence in India. The focus on infrastructure, manufacturing, defense, and export promotion in the upcoming Union Budget 2026-27 could lead to increased investment and growth in these sectors.
The Federation of Indian Chambers of Commerce & Industry (FICCI) conducted its 'Pre-Budget Survey 2026-27', revealing strong industry optimism in India's growth prospects. Nearly 80% of respondents expressed confidence, with about half expecting GDP growth of 7-8% in 2026-27. The survey also indicated confidence in India's fiscal prudence, with 42% expecting the fiscal deficit target of 4.4% of GDP to be met in 2025-26. Key macroeconomic priorities for the Union Budget 2026-27 include job creation, sustained infrastructure thrust, and stronger support for exports. Sectors identified for focus are infrastructure, manufacturing, defense, and MSMEs. Recommendations include enhancing capital outlay in defense, boosting drone manufacturing and R&D, streamlining trade facilitation, and rationalizing customs tariffs. The industry also expects reforms in SEZ policy and simplification of direct tax compliance.
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