2025-02-02 06:05:45 pm | Source: Malabar Group
Budget 2025 Reaction Quote on Retail Sector by MP Ahammed, Chairman, Malabar Group
Below the Budget 2025 Reaction Quote on Retail Sector by MP Ahammed, Chairman, Malabar Group
''The budget reflects the government's continued focus on revitalizing consumption, strengthening domestic manufacturing, and fostering job creation. Therefore, the budget has rightly focussed on offering fiscal impulse to boost consumption. With personal income tax reform, it will free up disposable income to boost urban consumption. It will boost the spending power of the middle-income segment and enhance consumer sentiment - both critical drivers of economic growth. For the retail and jewellery sector, a rise in consumption directly translates into stronger demand, fuelling expansion and employment generation.''
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