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Home » Blog » Budget reaction quote from Mr. Nikhil Mathur, Managing Director India & Head of Data Partnership & Innovation-APAC at GfK

Budget reaction quote from Mr. Nikhil Mathur, Managing Director India & Head of Data Partnership & Innovation-APAC at GfK

Mr. Nikhil Mathur, Managing Director India & Head of Data Partnership & Innovation-APAC at GfK: “The budget for 2023-24 has struck the right chords and is balanced. The massive push for capital investment and spending augurs well across industries as it shall lead to increased job creation. With the new tax slabs, there is an expectation of increased disposable income and consumer purchasing power which will have a positive impact on the retail sector. The reduction in customs duties for mobile phone manufacturing inputs and television along with the continuation of existing import sops will build more momentum in domestic manufacturing capacity. Going forward, we expect companies in the consumer tech sector to benefit from the progressive measures announced today. Overall, a budget focused on delivery.”

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