Pre-budget quote on behalf of Nikhil Mathur, Managing Director – India, GfK

Nikhil Mathur, Managing Director – India, GfK said, “In the coming Union Budget session, the industry is expecting an increased focus on energy-efficient products with reduced GST tax slabs and added incentives. Some reforms that is likely to boost manufacturing include reduction of corporate tax, expansion on Production Linked Incentives, rationalization of tax rates on products like Air conditioners, televisions, etc., The government’s commitment to make India a global manufacturing hub and ‘AtmaNirbhar’ with ‘Make in India’ vision will potentially help in increasing penetration and expansion of tech & durables market.”