During its pre-budget meeting, the PHD Chamber of Commerce and Industry (PHDCCI) pressured Finance Minister Nirmala Sitharaman to help MSMEs, boost manufacturing, and simplify taxes. Hemant Jain, the president of the PHDCCI, made several suggestions at the industry engagement intended to boost India's economic expansion. The recommendations centered on streamlining the tax code, supporting the manufacturing industry, and fostering an atmosphere that allows MSMEs to flourish while drastically lowering operating expenses.