Pre- Budget Expectation from Mr. Nikunj Turakhia, President of Steel Users Federation Of India (SUFI)

The last complete Budget before the 2019 general elections brings lots of hopes from trade and industry and common man in general. This budget is expected to be an extension of all these measures. Most important being the after effects of these steps have started dwindling and economy seems to come back to normalcy. It is expected that India should bounce back to 7% + growth consistently and steps need to be taken in that direction.

The wish list from 2018 Budget is as given below:

• More money in the hands of middle class as it drives spending and consumption. Therefore individual income tax to be lowered by at least 5 %. More job creation in both organized and unorganized sector.
• Major impetus to infrastructure. Although we see in each budget government announces investments in infrastructure but it is not known how much gets utilized. This needs to be informed and reasons for non-implementation needs to be resolved.
• In order to make ‘Make in India’ successful we need to make Indian manufacturing sector efficient.