The year 2020 has been a roller coaster ride for each one of us and has negatively impacted economic growth worldwide. The common man has been struggling with disrupted cash flow and income. What people are looking forward to is relief in the form of tax cuts, subsidies, easier access to credit from the government which would increase the cash flow in the system and also help in increasing the purchasing power of consumers.
The pandemic has taught us that we should be prepared for the unexpected. Hence, the Government should focus on increasing the infrastructure of the Country which would also help us in economic growth. With regards to the hosiery and textile industry, we expect export incentives and expeditious disposal of benefits to the exporters. We are also looking at better labour codes as they have an impact on the high labor-intensive industry such as ours. We expect better investment allowance, subsidies, interest subventions, etc for digitization and streamlining the logistics sector.
