Quote on Post Budget Reaction by Mr. Saurav Ghosh, Co-founder, Jiraaf
Below the Quote on Post Budget Reaction by Mr. Saurav Ghosh, Co-founder, Jiraaf
"The boost to consumption by extending tax slabs and removing tax for income upto 12L, could prove to be significant to revitalise the economy. The government has put more money in the hands of the tax payer. We hope the new tax bill promised by the finance minister would make tax compliance easier and reduce the effective tax rate. It would be important to wait for the new tax bill before planning expenses and investments. Unleasing the consumption potential could benefit MSMEs as well. It was also encouraging to see the government focus on MSMEs as engine of growth. We hope to see private capex pick up from the prudence that the government has maintained on the policy front. The repositioning India post as a core logistics player can also help connect remote destinations and speed up growth."
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