Nirmala Sitharaman: Addressing concerns regarding inflation, Sitharaman highlighted a decline in retail inflation, which dropped from an average of 6.8 percent in April-December 2022 to 5.5 percent during the corresponding period in 2023. She noted that retail inflation had stabilized within the notified tolerance band of 2-6 percent, indicating a positive trend in economic indicators.
Piyush Goyal: India sustains export growth despite global challenges arising from conflicts like the Israel-Hamas war. The Budget lays a strong foundation for economic growth. Geopolitical complexities and conflicts reshape globalization. Wars and crises disrupt global supply chains, impacting India s exports and logistics. The Budget focuses on every section of society, with announcements on e-mobility promotion and increased infrastructure spending, providing more opportunities for business and domestic industry. Finance Minister Sitharaman s priority is economic policies that foster growth and contribute to India becoming a developed country by 2047.
Fmcg Retail Budget 2024: As Finance Minister Nirmala Sitharaman presented the Budget in the Parliament on February 1, it has laid the foundation of inclusive growth that will lead to ‘Sabka Vishwas , the industry experts believe. The budget emphasizes support for the underprivileged - Garib, Mahilayen, Yuva, and Annadata (the poor, women, youth, and farmers). With these initiatives, the FMCG industry can expect a good response from the rural markets for FMCG in the mid to long term.
Retail Budget 2024: Havells India chairman and managing director Anil Rai Gupta said the housing schemes will open up huge opportunities for electrical and appliance sales, improving demand in the mid-to-long term, while the solarisation scheme will create opportunities to sell solar appliances. Sunil Vachani, chairman of Dixon Technologies, said households going for solarisation scheme can save money that would boost their discretionary spending. "There is an opportunity for a huge spurt in demand for the sector," he said.