Business Standard-Industry status for real estate a priority: Grant Thornton survey
The real estate sector has been advocating "industry" status for the past two Budget sessions and is making it a priority once again this year, noted Grant Thornton Bharat's Union Budget 2025 expectations survey. As India prepares for the session, the survey highlights key reforms that could drive investment, spur innovation, and enhance economic growth.
India is poised to become the world's fourth-largest economy by 2026 and achieve the $5 trillion mark by 2028, according to the pre-Budget survey, which reflects strong optimism about the country's economic trajectory. The survey indicates that most respondents expect growth between 6-6.9 per cent in FY 2025-26, while 22 per cent project an even higher expansion of 7-7.9 per cent.
