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Budget 2026: CII Calls for Tax Reforms to Sustain Growth Momentum
CII: The CII has urged the government to emphasize institutional reforms and strong fiscal management in the upcoming budget. According to the organization, it is essential to maintain the current momentum of high growth and low inflation. The CII has suggested the use of digital and analytical tools to increase the tax-to-GDP ratio and detect tax evasion.
The Confederation of Indian Industry (CII) has called on the government to focus on institutional reforms and fiscal consolidation in the upcoming budget, arguing that these steps are essential for maintaining the country's growth trajectory.
CII Director General Chandrajit Banerjee stated, "India has experienced a unique combination of high growth, low inflation, and improving fiscal metrics. The next Union Budget should continue this trend through disciplined fiscal policies and substantial institutional reforms."
With Finance Minister Nirmala Sitharaman scheduled to present the budget on February 1, CII recommended leveraging analytical tools to combat tax evasion. Banerjee emphasized the need to raise the tax-to-GDP ratio from the current 17.5 percent (including central and state levels). Utilizing India's advanced digital infrastructure could enhance tax enforcement and broaden the tax base.
