India Budget 2025: Retailers expect measures to boost textile demand
Radhika Koolwal, co-founder of home décor company Urban Space, commented, “As we approach the Union Budget 2025, the home décor industry is optimistic about measures that can bolster growth and innovation in the sector. We hope for policies that incentivise domestic manufacturing, such as subsidies on raw materials and machinery, along with tax breaks for MSMEs and startups. A reduction in GST rates on home furnishings and decor items would be a significant step toward making quality products more accessible to the growing middle class.”
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