LOWER CONSUMER Saving
Not only Brahmadutt’s neighbors are seeking tax breaks.
Some small and medium-sized businesses are also hoping that the state will change its mind about the GST.  ,
They said great levies are being passed on to customers, which in turn, is leading to lower consumer spending.
India’s client spending next year grew by 3.5 per cent from 2023, according to federal data.
According to World Bank characters, it was the slowest rate of growth since 2021, when investing increased by more than 18 %.
Harsh Bhomara is one of the business entrepreneurs who is trying to relieve themselves.  ,
His floor tile and sanitary ware store Shri Devnarayan Tiles ‘ profit margins are down 15 %, he said.  ,
Bhomarat wants the government to lower GST costs from 18 to 15 per cent on non-luxury products, and from 28 to 20 per cent on luxury items. He claimed that this will enable him to sell at more affordable rates.  ,
He added that easier access to funding may even go a long way.  ,
” Getting easier enterprise loans is important. He claimed that the document needs to be simplified to allow a layperson to access much funding.
” Little companies don’t need the kind of support that they do now. However, if you consider large corporations, you will see that they receive a lot more support from the government, which enables them to grow their business.
GOVERNMENT HELP ,
The Indian government’s interim budget released on February 1st, 2013, with wishes from the company group on top of that assistance.  ,
India’s finance minister Nirmala Sitharaman announced a slew of new methods, including government revenue and tech support for micro, platform and small companies.
However, many retailers and traders claimed that the measures primarily benefited the manufacturing industry.
According to experts, investing more in infrastructure will improve the upcoming annual budget and support small businesses and India’s stressed middle class.
” If you make roads and corridors, logistics cost comes down ( and ) efficiency of the supply chain goes up”, said Feroze Azeez, deputy CEO at Anand Rathi Wealth Limited.  ,
This would promote growth while reducing inflation, he pointed out.  ,
” That’s what the government is doing. So I would want them to continue the thrust on infrastructure”, he said.  ,