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Business News: Govt must support consumer sector in Budget 2022 by implementing national retail policy, higher spending

Govt must support consumer sector in Budget 2022 by implementing national retail policy, higher spending : Rashtra News #Govt #support #consumer #sector #Budget #implementing #national #retail #policy #higher #spending India is a consumer-driven economy. The retail sector is expected to touch US$1.3 trillion by 2025 compared to the current size of US$883 billion in 2020.

PLI scheme budget: PLI scheme allocation hiked by 33% in Budget 2024

BUDGET ANNOUNCEMENT: The Narendra Modi government has increased the budget for the Production-Linked Incentive (PLI) scheme to Rs 6,200 crore for FY25. The scheme, which currently covers 14 sectors, has attracted investments of over Rs 1.03 lakh crore and generated employment for over 6.78 lakh individuals. However, concerns have been raised about limited employment generation in sectors like leather, garment, handicrafts, and jewelry.

How Indian retail industry performed in 2023 and expectations from Budget 2024-25

How Indian retail industry performed in 2023 and expectations from Budget 2024-25
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Budget 2024: A pressing issue that may not wait till full budget, ET Retail

Budget 2024: The fiscal deficit target of 5.3% will be set by the government in FY25, keeping in view the fiscal consolidation path till FY26, as it normalises capital spending and refrains from any major announcements in the interim budget before the general elections, Icra and Barclays economists have said. ICRA expects the fiscal deficit target for FY25 to be set at 5.3% of GDP, midway through the expected print of 6.0% for FY2024 and the medium-term target of sub-4.5% by FY26.

Budget 2024: Budget 2024: Govt may extend scope of PLI scheme to job-creating sectors

Union Budget 2024: To promote the manufacturing sector and foster job creation, Deloitte suggests that the government consider expanding the coverage of the Production-Linked Incentive (PLI) scheme to encompass additional sectors such as garments, jewelry, and handicrafts in the upcoming interim Budget. Presently, the PLI scheme is applicable to 14 sectors.

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