The claims are tantalizing. The budget proposals look wonderful. But much of the expectation of growth in the economy will eventually depend on purchasing power and consumption. Most analysts, being urbanites, have focussed on disposable income with urbanites. Rural India’s crippled purchasing power But it is worth remembering that almost 50% of jobs are in the rural sector.
The Indian gold and diamond industry reacted cautiously to the Union Budget 2023-2024 proposals for the critical sector and rued that they expected "more" from Finance Minister Nirmala Sitharaman.World Gold Council Regional CEO .
While the Centre has given a digital boost for the gold sector, in terms of tax relief there is nothing for the sector, said an official of World Gold Council's Indian Chapter."While the reduction in custom duty on gold from 12.5 per cent .