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Budget 2020: Majority of CEOs seek budget measures to boost infrastructure

Updated : January 29, 2020 06:45 PM IST

The Union Budget is less than 72 hours away and the top priority on India Inc's wish list is crystal clear.

CNBC-TV18 and Dhruva Advisors polled 130 CEOs across a wide range of sectors and an overwhelming majority of 71 percent have called on the government to encourage infrastructure spending. With growth slowing to its lowest level in 6 years, the industry is hoping that an impetus to infrastructure can boost demand and jobs to put the economy back on the growth path.

In fact, a majority of 52 percent CEOs see infrastructure spending and urbanisation as the key driver that can positively impact their businesses in the upcoming financial year.

When asked which sector will see high growth in the coming year, the majority of CEOs once again voted for infrastructure. A majority of 56 percent of CEOs expect this sector to drive the economy.
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