Union Budget Expectation 2019

Union Budget Expectation 2019
Union Budget Expectation 2019

As Finance Minister Nirmala Sitharaman readies to unveil her maiden Union Budget on July 5, 2019, Mr. Rishi Jain, Managing Director, Jain Group shares his expectations in the Union Budget.

This Budget will essentially send out the feelers and first signals of what the Modi2.0 government’s economic agendas are. 


Mr Rishi Jain, Managing Director, Jain Group

As with any budget the Industry expects some stimulus to turn the economic wheels faster. Revival of 80IB , GST revisions and facilitating better credit opportunities from Banks and NBFCs are some expectations of the Real Estate Developer fraternity.

On the Hospitality front again, the GST rates on semi luxury properties should be revised and stimulus to develop asset heavy properties are need of the hour.  by Mr. Rishi Jain, Managing Director, Jain Group

The Finance Minister needs to show her awareness about the business scenarios at the ground level. She has to strike a balance between improving ease of doing the business of MSMEs as well as give reasons to cheer for the Public at large. It will be interesting to see how this balance is maintained.

The Finance Minister needs to show her awareness about the business scenarios at the ground level. She has to strike a balance between improving ease of doing the business of MSMEs as well as give reasons to cheer for the Public at large. It will be interesting to see how this balance is maintained.


 Rupal Dalal, Executive Director, JD Institute of Fashion Technology

“Considering the announcements in the Interim Budget, the magnitude of AI has been rightly measured by the union government. In the design industry, interactive and sensory textiles along with trickle up technology will be challenging for the budding designers to tackle and further the ongoing development of  AI fabric blends would need to be checked for its comfort and properties. As we are already aware that India’s economy grew at the slowest pace in 17 quarters, in the January-March period. The Union Budget must look at the achievements promised in the Education Sector, as technological growth will lead to demand in high-quality teaching and learning by Generation Z.”

By Rupal Dalal, Executive Director, JD Institute of Fashion Technology


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