India Union Budget 2025 Key Updates - Consumer and E-commerce

The Union Budget 2025 has struck the right notes for India Inc., with a slew of measures aimed at boosting consumption and encouraging private sector capital expenditure. The government's continued focus on 'Make in India' is expected to increase domestic production, reduce imports, and create jobs, contributing to long-term growth. Additionally, the proposed reforms for greater ease of doing business in India will help facilitate more international and domestic investment.

The proposals have positively addressed some expectations of the Consumer and E-commerce sector, including tax reforms, and launching an Export Promotion Mission to streamline the export processes. The government has also given attention to key sub-segments within the sector. While the focus product scheme for footwear and leather is expected to create 2.2 million jobs and boost exports, the initiatives for the toy industry will build a strong manufacturing base. The revamp of the e-Shram portal to include one crore registrations for gig workers indicates increased focus on the ‘new age’ services economy.

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