“The proposal in increase spends on capex will keep the wheels of growth in motion. The government’s efforts on bettering yield of cotton productivity will help in keeping volatility in cotton prices at bay. The reduction in personal income tax slab and eliminating deductions will help in bringing in more spends and marginally higher dispensable incomes.
Currently we are facing tepid demand due to recessionary pressures; both overseas and in our country. We therefore welcome the budget this year as it is focused on growth, economic progress, modernization and sustainability”.