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  • Quote on Union Budget 2019 – iVOOMi

    Published on February 1, 2019

    Mr. Ashwin Bhandari,  CEO, iVOOMi, a Chinese electronic major  on Pre-Budget Expectation in smartphone industry.  

    Focus on digital India in the budget, vision of creating 1 lac digital villages will empower the real India and fuel overall growth in the economy and will bring comprehensive growth for the industries

    Declaration on schemes for incentives for SMEs and start-ups is a welcome move, to enable small businesses that in turn will support services to different businesses, this should promote smaller manufacturers too to build on the ecosystem

    Boost in the direct tax collections, enabling bigger capital expenditures (declared in budget), incentives to farmer,  basic tax slab raised to 5 lac – are noticeable moves towards economic growth that will fuel the industrial growth in mid term


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