Union Budget 2022 Expectations

Union Budget 2022 Expectations: Reviving Consumer demand in rural areas via Govt. Schemes can help consumer goods companies

Union Budget 2022 Expectations: Reviving Consumer demand in rural areas via Govt. Schemes can help consumer goods companies

On expectations from the Union Budget that is set to be announced on 1st February 2022, Mrs. Sheetal Kapoor, Co-Founder & Director, SHR Lifestyle Pvt. Ltd. shares her thoughts. Speaking on the upcoming budget, Mrs. Kapoor said, “The input costs are rising quite quickly, which is resulting in a fall in demand. Belonging to the group of consumer goods companies, I personally feel that if the union budget will offer some concessions on the taxes that are imposed on end-products, then the consumer demand will lift a bit.” Speaking further, she said that “Reviving demand should be the prime focus as well because that…
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Union Budget 2022 Expectations: Increase the import duty on watches to promote local manufacturing

Union Budget 2022 Expectations: Increase the import duty on watches to promote local manufacturing

Mr Gaurav Mehta, Founder, Jaipur Watch Company, shares his thoughts.  We want to make India a watch design and manufacturing hub. To achieve this goal, we would want the government to provide financial and policy incentives. One of the things that the government can do is increase the import duty on watches to promote local manufacturing. India already has a strong watch making base and in the recent years we have also made a mark in the luxury and bespoke watch segment. With government support we can surely turn India into one of the world's top watch making countries. Jaipur Watch Company, the…
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