The budget must provide for this and should focus on interventions towards retention of students in the education system.
Being research-intensive, the pharma sector incurs significant amount on R&D. Providing fiscal (higher tax deductions) and non-fiscal incentives for R&D expenses will support higher investments in developing new drugs. Investments in novel and specialty drugs are subject to higher risk of failure leading to risk averseness.
The domestic automotive industry was expected to post a recovery in FY2022 after witnessing two challenging years in FY2020 and FY2021 on account of the domestic industry slowdown and pandemic-induced challenges, respectively.
Much of the infrastructure financing in the country is currently supported by the banking sector.
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