Shaju Thomas, Chairman & MD, Popees Baby Care Products Pvt. Ltd. (Retail Sector)
“This budget is all about the consumption theme. The Government of India’s decision to increase the tax exemption limit to Rs. 12 lakhs will put more money in the hands of people, which should accelerate the pace of growth. More than one crore people will benefit from this bold step by the Government, a move much awaited by the middle class of this country.”
The recent budget announcement is expected to foster stronger consumer spending, which is a crucial factor for industries like retail. Popees Baby Care Products, known for its innovative baby care solutions, anticipates that this move will contribute positively to the retail sector’s growth, especially as more disposable income leads to higher demand for consumer goods.
