Consumer companies upbeat as Budget tax relief boosts middle-class spending

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Consumer companies upbeat as Budget tax relief boosts middle-class spending - Business Standard

Quick Summary:

Rakesh Sharma, executive director, Bajaj Auto, said the Budget’s push to put more money in consumers ' hands is “certainly a positive.” "Let's see what quantum of impact happens," he said.

Consumer companies have reason to rejoice as the Budget announcement provided tax relief to the middle class, with income up to Rs 12 lakh now tax-free, putting more money in consumers' hands.

The government's continued commitment to investments in infrastructure and research and development (R&D), backed by disciplined fiscal management targeting a 4.4 per cent deficit, establishes a strong foundation for sustained economic growth and builds confidence in India's capability and potential.