Budget 2023: Lower taxes to fuel demand for consumer goods
The changes in the personal income tax regime announced in the Budget are expected to boost demand for consumer goods, especially durables, where demand has been muted. These will increase discretionary spends on appliances, according to Kamal Nandi, business head and executive vice-president at Godrej Appliances. “These measures should boost the economy and deliver more disposable income in the hands of people, driving consumption,” he said.
Publication Date: 02-02-2023