| Sectors | Proposals | Impact/Remarks | Companies |
| Banking | RBI free to set SLR, CRR levels; more reforms on the cards | M&As, tax breaks for banks acquiring loss-making kin; lower CRR, SLR norms to release funds for lending | SBI, ICICI Bank, HDFC Bank, PNB |
| Cement | Excise duty on clinker up. Higher spends and special purpose vehicle for funding infrastructure projects | Marginal increase in production cost to be offset by greater demand. Prices to remain firm. | ACC, Birla Corp, Shree Cement |
| Construction | Thrust on infrastructure development; SPV for long-term project funding | Highway construction and irrigation projects to fuel growth | Hindustan Construction, IVRCL, Nagarjuna Construction, Gammon |
| Sugar | Loans outstanding (as on Oct 2004) can be converted to 2% sub-PLR rate; repayment breather for some | Lower interest costs to boost profitability of companies | Balrampur Chini, Bajaj Hindusthan, EID Parry, Dhampur Sugar |
| Textiles | Customs duty cut on textile machinery, polyester and nylon chips, fibres, yarns, fabrics and garments; lower excise on PFY | Fabric/garment makers gain from lower machinery and input costs | Alok Industries, Raymond, Mahavir Spinning |
The Five Sector Winners
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The Five Sector Winners
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