Union Budget 2024-25: Industry Expectations from Real Estate to Healthcare
As the Union Budget 2024-25 approaches, various industries are optimistic about the forthcoming budget, seeking continuation of previous schemes and more supportive policies.
Union Budget 2024 25Industry ExpectationsReal EstateElectric VehiclesConsumer ElectronicsEducationStartupsFinanceRetailHealthcareReal Estate MumbaiJul 22, 2024
The consumer electronics sector is optimistic about increased infrastructure spending and the extension of PLI schemes to boost economic growth. The education sector seeks support to ensure robust investment in international curriculum development. Startups are seeking tax benefits and enhancement in funding availability. The finance sector demands ease in deduction, while the retail sector expects incentives for research and development in sustainable and natural products. The electric vehicle industry demands integration of GST rates, and the healthcare sector hopes to see support for the healthcare industry.
Each sector is optimistic about the 2024-25 budget, and the article highlights some of the key expectations of the industries from the Union Budget 2024-25.
Frequently Asked Questions
What is the Union Budget 2024-25?
The Union Budget 2024-25 is the annual financial statement of the Government of India, presented by the Finance Minister, outlining the government's revenues, expenditures, and fiscal policies for the upcoming financial year.
What are the expectations of the industries from the Union Budget 2024-25?
Various industries such as real estate, electric vehicles, consumer electronics, education, startups, finance, retail, and healthcare have huge expectations from the forthcoming budget, seeking continuation of previous schemes and more supportive policies.
What are the key expectations of the consumer electronics sector from the Union Budget 2024-25?
The consumer electronics sector is optimistic about increased infrastructure spending and the extension of PLI schemes to boost economic growth.
What are the expectations of the startups from the Union Budget 2024-25?
Startups are seeking tax benefits and enhancement in funding availability to foster innovation and growth.
What are the expectations of the healthcare sector from the Union Budget 2024-25?
The healthcare sector hopes to see support for the healthcare industry, including additional support for home healthcare services, advancements in medical technology, and training for healthcare professionals.
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