Pre-Budget Expectations Quote On behalf of Mr. Sidhant Keshwani, Founder & CEO of Libas

“The 2025 Union Budget presents a crucial opportunity to strengthen India’s position in the global fashion industry. Reducing GST on apparel from 12% to 5% can enhance affordability, boost consumer demand, and drive overall industry growth. With the textile sector contributing 2.3% to GDP and employing over 45 million people, simplifying e-commerce regulations will enable businesses, particularly MSMEs and start-ups, to expand and compete more effectively. By implementing policies that support domestic manufacturing and streamline operations, India can take a significant step toward becoming a global hub for premium fashion.”