A big dose of capex allocation; some income tax relief to provide more money for consumption at the lower end of the income brackets; continuation of the Credit Guarantee Scheme for MSMEs are likely, said PwC’s Ranen Banerjee.
In the first 8 months of the current fiscal India’s electronics exports jumped by 87 per cent over pre-COVID levels, reveals the government's Economic Survey.
“The GeM has also witnessed tremendous growth in Gross Merchandise Value (GMV) and is catching up with E-commerce giants like Amazon and Flipkart,” the report said.
The spread of the internet also powered the growth of UPI across regions. UPI-led transactions grew 121 per cent in value terms and 115 per cent in volume terms between 2019 and 2022, stated the Survey.
