After Union budget 2007-08, Mr Chandrachud Paliwal, Company Secretary of Suashish Diamonds Ltd, told fibre2fashion that there are no significant gains to jewellery sector.
“It is a sectorial budget as few sectors are benefited and few are not. Indian economy is growing due to reduction in fiscal deficit. Greater market share can be seen in the sector where tax exemption is provided”, he added.
He believes that growth of the economy is mainly due to reduction of fiscal deficit and it is a progressive budget.
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