Infiniti Mall decodes implication for retail advancement in India: Union Budget 2024

Infiniti Mall decodes implication for retail advancement in India: Union Budget 2024


Infiniti Mall decodes implication for retail advancement in India: Union Budget 2024 
Sharing his thoughts on the Union Budget 2024, Mr. Gaurav Balani, DGM-Marketing, Infiniti Mall shared, “The insights unveiled by the Union Budget 2024 indeed project a favorable growth trajectory for the economy and display the remarkable performance of the nation throughout the years. An increase in the average income of people by 50% is a significant milestone and we expect it to positively impact retail sales, leading to an increase in customer willingness to spend on shopping, recreation and leisure. Further, the presence of a dedicated freight corridor, together with the three economic corridor programmes under the PM Gati Shakti National Master Plan will help us reduce logistic costs and elevate efficiency while serving customers. We further hope for the moderate inflation period to be monitored and maintained at minimal levels to ensure sustainable growth. Lastly, the introduction of an increase in threshold for presumptive taxation for retail businesses from INR 2 crore to INR 3 crore is a well-appreciated move and will assist in achieving higher revenue figures.”

 

Rabindra

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