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Experts On How Budget Can Empower Businesses And Consumers

Giving an overview of the retail sector, Mr Parekh said that it has witnessed robust growth, and is projected to rise from $779 billion in 2019 to $1.8 trillion by 2030.
The article from NDTV discusses expectations and suggestions from experts on how the Union Budget 2025 can empower both businesses and consumers in India. Key points include the need for a balanced approach to fiscal policy that supports economic growth while managing inflation. Experts suggest that the budget should focus on enhancing infrastructure spending, simplifying tax structures, and providing incentives for sectors like manufacturing, renewable energy, and technology to boost employment and innovation. There's a call for increased consumer spending power through tax reliefs or direct benefits, which could stimulate demand. Additionally, there are recommendations for policy reforms to ease the regulatory burden on businesses, promote ease of doing business, and encourage foreign investment. The article also highlights the importance of addressing rural distress through targeted welfare schemes and agricultural support, aiming for an inclusive growth model that benefits all strata of society.

Read the Full NDTV Article at:
[ https://www.ndtv.com/business-news/union-budget-2025-experts-on-how-budget-can-empower-businesses-and-consumers-7593816 ]