Focus on public transport
I would like to see public transport development be a focus in at least the top 100 cities, in order they do not face the same challenges as our top metro cities face today. The sector should be provided infrastructure status (including lower GST) to get the necessary focus, lower interest rates, private investment and the desired impetus.
Industry also wants a resolute policy to avoid inverted duty structure for components. Current Customs Duty rates are high and there is a scope for reduction. Since tax buoyancy has been sustained over a period of time, GST rates can be finally rationalised.
I hope to also see the budget continue to press forward on infrastructure-focused capital expenditure, clean, green and connected logistics, in order to ensure a robust, competitive and sustainable industrial ecosystem that promotes the new India story.