Four things India s small manufacturing players need from this budget
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Last Updated: Jan 27, 2021, 03:08 PM IST
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Synopsis
Given the state of domestic and world economy, there is perhaps no area which does not need a shot in the arm at the moment.
Partner, Khaitan & Co, Contributor Content
Solution: Broaden PLI Scheme. Moderate the tax rates. Promote gig economy and platforms. Provide incentives. Do these four things to boost manufacturing, the backbone of any growth story.
Covid-19 pandemic has hit people across the world and has led to severe loss of life and property. It has changed the entire world order and is comparable to major events of the past that reshaped the world. Events of such scale often give rise to new beliefs amongst people that can help them overcome their shortcomings and usher in a new era. It is widely expected that Budget 2021 will be aimed at bolstering belief and determination in people.