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Government should focus on increasing usability in budget: Godrej Consumer Products Limited CFO

“ The upcoming Union Budget of 2024 will serve as an interim budget until the completion of the General Elections later in the year. However, I expect the budget to navigate the immediate challenges faced by sections of the economy while fostering a vision for longer sustained economic growth. To support a more inclusive economic growth the government could consider proactive measures aimed at future controlling inflation and stimulating consumption in the larger economy. A consumption boost will lead to a cycle of sustained economic growth in the long run. Furthermore, attention should be directed towards enhancing rural job creation and consumption, enhancing incentives for capital expenditure, and incentivizing innovation and research and development (R&D). Aligned with the aspirations of India@100, the budget should also allocate larger resources for supporting exports and greater job creation in both rural and urban markets. This would boost local production and cultivate a resilient and inclusive economy.”.
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