Interim budget turns out to be a morale booster for majority of industry experts

Offering a plethora of positive announcements the Interim Budget 2019 has undoubtedly turned out to be a morale booster for all the stakeholders of the industry. Now both the consumers as well as the industry veterans are looking forward to the positive effects of the budget provisions percolating down to the grassroots level.

While the middle class income group, which is the most influential and largest consumer segment, is happy with the huge tax planning incentive provided to them in this budget, the industry captains, on the other hand, are upbeat about benefiting from enhanced disposable income of households.

Anil Gupta, Managing Director, Okaya Power Group added, “With its provisions of incentivising the potential consumers, the interim Budget 2019 looks quite encouraging for the industry. We expect now there will be an immediate revival of demand in the market and the footfall of the consumers is here to increase significantly.

With a growth-oriented budget this, the Indian manufacturing sector is here to realise commendable growth ahead. With the tax benefits passed on to the middle class which constitutes the biggest chunk of consumer for majority of the products, shall provide impetus to the market buoyancy.” This story is provided by NewsVoir. 

(With inputs from agencies.)