mumbai jan 27 reuters  indian finance minister nirmala sitharaman is expected to reveal plans to fasttrack economic growth through larger spending on infrastructure and healthcare when she presents the national budget for 20222023 on feb 1 read more corporates and industry lobby groups which expect bigger capital expenditure as the government looks to create jobs also seek tax breaks for industries such as automobiles manufacturing and tourism hit by the coronavirus pandemic here is a wishlist from industry groups the domestic pharmaceutical industry expects an increase in funds allocated to it along with a focus on policies to foster research and development with demand for residential real estate gradually bouncing back realtors seek more consumer friendly measures from the budget real estate firms want a hike in the cap on deductions against interest on home loans as also more affordable housing in metropolitan cities the government now groups houses costing less than 45 million indian rupees 59000 in such cities in the affordable category resulting in lower tax and loan interest rates builders say the figure should be extended to 10 million rupees industry desires include tax cuts along with a uniform gst rate export incentives a thrust on research and development efforts a boost to domestic chipbuilding capabilities and investment in infrastructure development and promotion of electric vehicle ecosystem the beleaguered aviation industry is vying for fiscal concessions and industryfriendly policies to recover from the massive dent caused by the still raging covid19 pandemic another major loser from the pandemic has been the tourism and hospitality industry which is also seeking some form of income support from the government the retail sector has been pushing to hasten adoption of a national retail trade policy to streamline growth of all kinds of retail trade it also wants the status of an industry with a reduced compliance and regulatory burden along with financial incentives for big projects the industry seeks details of plans for the impending privatisation of staterun banks as well as on the functioning and scaling up of the national asset reconstruction company ltd as nonbank finance companies have grown to account for 25 of indian credit exposure rating agency icra expects the budget to reexamine a permanent refinance window for the sector from the central bank or creation of a body to act as a backstop for such firms the government has recently set up a fintech department and launched a payment investment development fund pidf to encourage growth of the industry several firms have sought an extension of schemes for micro small and medium enterprises introduced during the pandemic while some players also expect the government to increase the credit guarantee for lending and provide tax exemptions