“The much-awaited Union Budget presented by Union Finance Minister Smt Nirmala Sitharaman has done well on allocation for infrastructure in all the prime sectors. The budget has announced stimulus packages in the form of low income tax slabs, tax exemption for notified affordable housing for migrant workers and New Agri Infra Development Cess from February 2. These moves will no doubt promote consumerism but also will boost overall GDP growth. As more finances have been allocated on building roads, housing and new factories, this will also generate income opportunities for our rural consumers and bridge the gap to have last-mile consumption,” said Mr Amrinder Singh, Managing Director, Bonn Group of Industries.
