The budget will give major impetus to textile and apparel consumption
Union finance minister Piyush Goyal presented Interim Budget 2019-20 on February 1. Fibre2Fashion spoke to representatives of few trade bodies and industry.
This interim budget is pro-growth focusing on development of the economy through allocation to health, benefits to farmers, boost to real estate by giving relief in notional income and capital gain to second self-occupied houses. The long awaited relief has been granted by increasing the income tax slab to ₹5 lakh and other similar concessions, which will be helpful to small tax payers. The budget has focussed on middle class salaried people, senior citizens and unorganised labour.
Published on: 02/02/2019
DISCLAIMER: All views and opinions expressed in this column are solely of the interviewee, and they do not reflect in any way the opinion of Fibre2Fashion.com.