Overview
- CII frames a four-pillar strategy covering debt sustainability, fiscal transparency, revenue mobilisation and expenditure efficiency in a pre-Budget submission.
- CII backs the government’s debt glide path targeting overall government debt at 50% ±1% of GDP by FY31, with central debt near 54.5% and a 4.2% fiscal deficit in FY27.
- CII urges revival of a rolling 3–5 year Medium-Term Fiscal Framework and proposes a Fiscal Performance Index for the Centre and states plus a Fiscal Health Index for urban local bodies.
- CII calls for lifting the combined tax-to-GDP ratio from about 17.5% by widening the base using linked GST–income tax–payments data, AI analytics and high‑value transaction matching.
- CII recommends subsidy and asset reforms including updating PDS rolls using the 2023–24 consumption survey, narrowing coverage to the bottom 15%, shifting fertiliser support to DBT with pre-sowing payouts, consolidating CSS, and announcing a three‑year privatisation pipeline with calibrated stake cuts toward 26–33% in non‑strategic PSEs.