Arpita Ghosh, AVP, Landmark Group: “focus on boosting consumption through higher personal income tax exemptions and greater relief for senior citizens is a welcome move”
Women to Benefit from Tax Cuts
Tax cuts will help women as large number of women are employed in professions that pay less than 12 lakhs. This year's gender budget introduces a significant initiative aimed at empowering first-time entrepreneurs, including women, with term loans up to INR 2 crore over the next five years. Women's workforce participation has been a pressing issue and a key priority in every budget. This year’s Mudra loans will help women entrepreneurs.
What Retail Industry Can Expect
From a retail sector perspective, the budget's focus on boosting consumption through higher personal income tax exemptions and greater relief for senior citizens is a welcome move. This will undoubtedly increase disposable income and drive retail demand. Overall, this budget will be a huge boost to the retail industry as the tax cuts will increase the spending power of the middle class.
