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Industry leaders Budget Expectations for 2020 amid In view of the current economic slow-down

Mr. Vinod Kumar Gupta, Managing Director, Dollar Industries Limited. said, In view of the current economic slow-down the Government needs to focus on increasing the consumption and improving the sentiments at the Consumer level. A lot of expectation is around decreasing the Personal Income Tax so as to increase the disposal income in hands of common man. This would result in enhancing consumer spending to start the cycle of consumption, demand and supply. In textile Sector, the focus of the Government should be on increasing the Textiles Exports by providing better incentives to the exporters; to make it more competitive in international market as compared to our neighbouring countries. This Government is capable of taking challenges head on. They must work hard to face the challenges.

Mr Rishi Jain, Managing Director, Jain Group Said,”The long standing demand for Infrastructure status for Real Estate industry could be the single most important step for easing the credit crunch.

Long term capital gain benefits, tax breaks on home loans and revival of 80IB could be some welcome changes.Government also needs to provide deeper push towards hospitality sector. 

Mr Abhishek Bhardwaj, Chief Marketing Officer, Shristi Infrastructure Development Corporation Ltd said,”The real estate sector must be given special attention in the current budget. Tax benefits will be a welcome step to give a push to the dwindling demand. Warehousing is a area that has immense scope, we expect measures from the government so that this sector receives the necessary impetus for growth. 

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