As Budget 2025 approaches, the FMCG sector is advocating for critical investments in infrastructure, tax reforms, and job creation to revive consumer demand. Industry leaders emphasize the need for personal income tax cuts and GST rationalization to enhance disposable income and consumption. They argue that these measures are essential for addressing the current challenges of muted urban consumption and slow rural growth, ultimately fostering a more robust economic recovery. The upcoming budget presents a pivotal opportunity for the government to implement these vital changes.
Source: Economic Times, CNBC TV18