India's Expectations from Union Budget 2024-25: Sectors Seek Support and Reforms
With the Union Budget 2024-25 just around the corner, various sectors in India are pinning their hopes on the government to provide supportive policies and reforms to drive growth and innovation.
Union Budget 2024 25Real EstateElectric VehicleConsumer ElectronicsHealthcareFinanceStartupsRetailEv IndustryReal Estate MumbaiJul 22, 2024
Each sector is optimistic about the 2024-25 budget, and most industries are seeking the continuation of previous schemes and more supportive policies. Sectors like real estate, Electric Vehicle, Consumer Electronics, Information Technologies, Automobiles, Agriculture, Banking and Finance, Startups, and others have huge expectations from the forthcoming budget.
The consumer electronics sector is seeking an extension of PLI schemes to boost economic growth. The education sector is looking forward to continued support for enhancing infrastructure and ensuring robust investment in international curriculum development. Startups are seeking tax benefits and enhancement in funding availability.
In the finance sector, there are demands for ease in deduction and integration of GST rates. The healthcare sector is hoping to see support for innovative technologies and green initiatives. The real estate sector is seeking restoration of input tax credit and encouraging green credits.
The retail sector is seeking incentives for research and development in sustainable and natural products. The EV industry is demanding integration of GST rates and greater emphasis on improving charging networks and advancing faster-charging technology.
With the Union Budget 2024-25, each sector is hoping for the government to address its concerns and provide supportive policies to drive growth and innovation.
Frequently Asked Questions
What is the expected GDP growth rate in the Union Budget 2024-25?
The government has set an ambitious GDP growth target of 7.5% in the Union Budget 2024-25.
Which sectors have huge expectations from the Union Budget 2024-25?
Sectors like real estate, Electric Vehicle, Consumer Electronics, Information Technologies, Automobiles, Agriculture, Banking and Finance, Startups, and others have huge expectations from the forthcoming budget.
What is the demand of the consumer electronics sector from the Union Budget 2024-25?
The consumer electronics sector is seeking an extension of PLI schemes to boost economic growth.
What is the demand of the startup sector from the Union Budget 2024-25?
Startups are seeking tax benefits and enhancement in funding availability.
What is the demand of the real estate sector from the Union Budget 2024-25?
The real estate sector is seeking restoration of input tax credit and encouraging green credits.
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