Budget 2024 Expectations: Industry Leaders Weigh in on Sustainable Growth, Healthcare, and Affordable Housing
Industry leaders from various sectors share their expectations from Budget 2024, including measures to promote sustainable growth, healthcare, and affordable housing.
Budget 2024Union BudgetSustainable GrowthHealthcareAffordable HousingReal EstateGstReal Estate NewsJul 20, 2024
Katrina Almario, Vice President of Amway India, urged the government to prioritize preventive healthcare initiatives and rationalize GST on dietary supplements. She also proposed the expansion of GST exemptions to cover dietary health and wellness products.
Rahul Singla, director of Mapsko Group, called for raising the home loan interest rebate and granting the real estate sector industry status to reduce capital costs and simplify approvals.
Other industry leaders, including Julian Wheatland, CEO of Progility Technologies, and Anurag Gupta, co-founder of STEMROBO, also shared their expectations from the budget.
The Union Budget 2024 will be presented on July 23, and industry leaders are hoping for measures that will promote sustainable growth, healthcare, and affordable housing.
In the real estate sector, industry leaders are expecting measures to enhance affordability and boost demand across all segments. They are also hoping for the government to address land shortages by making government-owned lands available for residential projects, especially affordable housing.
In the healthcare sector, industry leaders are expecting measures to prioritize preventive healthcare initiatives and promote wellness practices.
The budget is also expected to focus on sustainable growth and development, with measures to promote the use of green building materials and reduce the carbon footprint of the construction sector.
Industry leaders are hoping that the budget will provide a stimulus to the economy and promote growth and development in various sectors.
Frequently Asked Questions
What is the Union Budget 2024?
The Union Budget 2024 is the annual budget of the Indian government, which will be presented on July 23.
What are the expectations from the budget?
Industry leaders are expecting measures to promote sustainable growth, healthcare, and affordable housing, among other things.
What is the current state of the real estate sector?
The real estate sector is expecting measures to enhance affordability and boost demand across all segments.
What is the importance of sustainable practices?
Sustainable practices are crucial to reduce the carbon footprint of the construction sector and promote environmentally friendly development.
How can the budget promote wellness practices?
The budget can promote wellness practices by rationalizing GST on dietary supplements and expanding GST exemptions to cover dietary health and wellness products.
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