Industry Leaders Praise Kerala's Budget but Highlight Missed Opportunities

Kerala's business leaders applauded the budget for its focus on entrepreneurship, MSMEs, and abolishing angel tax for startups. However, they noted areas needing more attention, such as retail, small business, and the tourism sector. Key figures like Yusuffali MA and Adeeb Ahamed highlighted both the positives and the missed opportunities in the budget.

Kerala's industry leaders celebrated the recent budget for its commendable initiatives, including the abolition of angel tax for startups and the reduction of import duty on gold.

However, well-known businessman Yusuffali MA and others emphasized that the budget fell short in addressing immediate concerns of the retail and tourism sectors.

Adeeb Ahamed, from LuLu Financial Holdings, highlighted the budget's balanced approach but pointed out the lack of incentives for the tourism industry, while Baby George praised the import duty cut on gold for boosting retail demand.

S S Manoj of CAIT expressed disappointment over the neglect of the retail sector, contrasting with P R Seshadri of South Indian Bank, who applauded the impactful measures for farmers and youth.