WITH THE FINANCE minister making an attempt to invigorate the critical demand drivers of consumption and investment, India Inc exuded optimism that private capex, will start picking up from now on.
The industry, basically feels that measures related to digital infrastructure, emphasis on urbanisation, and green growth, addresses the growth concerns. Further, the 33% rise in capital spending by the government for FY24 will push overall productivity of the economy and lead to creation of jobs.
According to Sajjan Jindal, chairman of JSW Group, a 40% increase in the income tax rebate limit from ₹5 lakh to ₹7 lakh will put more money in the pockets of middle income group, which will lead to more spending.
"The move to rationalise personal income tax rates will go a long way in increasing disposable incomes, thus giving consumption a leg-up, which will in turn have a salutary impact on India Inc's investments," Sanjiv Bajaj, president, CII said.
Diese Geschichte stammt aus der February 02, 2023-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der February 02, 2023-Ausgabe von Financial Express Mumbai.
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