`Budget 2017 covered a number of issues to uplift the economy although there was nothing much for the retail sector'

Author(s): City Air NewsMr. Sunil Shroff, CEO, Viviana Mall. Mr.Sunil Shroff, CEO, Viviana Mall: “Budget 2017 covered a number of issues to uplift the economy although there was nothing much for the retail sector. Governments aim to bring...

`Budget 2017 covered a number of issues to uplift the economy although there was nothing much for the retail sector'
Author(s): 

Mr. Sunil Shroff, CEO, Viviana Mall.

Mr.Sunil Shroff, CEO, Viviana Mall: “Budget 2017 covered a number of issues to uplift the economy although there was nothing much for the retail sector. Governments aim to bring one crore households out of poverty by 2019 is a welcome move. Increasing expenditure towards boosting infrastructure, improving financial system and steps towards increasing foreign investments coupled with reduction in personal tax rate for the middle class would help in increase in the disposable income and spur demand for products and services which would help retailers going forward. Special scheme for creating employment in the textile, leather and footwear industries is a welcome which will help in increasing the talent pool serving these industries.”

Date: 
Thursday, February 2, 2017