Budget 2026: The country’s general budget will be tabled in Parliament in a few hours from now. Just before the opening of the budget box, the voices of the business world have become louder from different corners of the country. From small shopkeepers to big industrialists, everyone’s eyes are fixed on the speech of the Finance Minister. Everyone is curious to know whether this time’s budget will provide relief to their pockets or create a mountain of challenges.
All the big businessmen who drive the wheels of the economy have pinned a lot of hopes on this budget. Veterans from different sectors believe that if the government pays attention to their basic problems, not only their businesses will flourish, but the country’s economy will also touch new heights.
This is the hope of the metal industry from the government.
The role of metal i.e. metal industry is like the backbone in the development of any country. From needles to airplanes and from household utensils to skyscrapers, metal is used everywhere. President of Metal and Steel Merchants Association and well-known businessman Chandan Bhansali has said a big thing regarding the budget this time.
Bhansali says that the government will have to think seriously about the metal industry. It is such a ubiquitous area without which construction cannot even be imagined. Traders argue that if the metal industry gets tax exemption or simplification in policies, it will have a direct impact on the price of every item purchased by the common man. Due to cheaper raw materials, production costs will reduce, which can help in controlling inflation in the market.
Demand to improve tax mathematics of textile industry
Textile industry is one of the oldest and most employment generating sectors in India. This time the textile traders have drawn the government’s attention towards a very technical but important issue. Textile businessman Ganpat Kothari says that this time the government needs to pay special attention to the GST imposed on yarn.
Traders believe that if the tax burden on yarn is reduced, the country’s textile trade will become very strong. This will not only reduce prices in the domestic market, but Indian textiles will also be able to survive more strongly in the international market. Kothari also indicated that if trade grows, the government can get good tax collection based on volume. This is a traditional market and it desperately needs the support of modern policies.
If gold and silver shine then faces will blossom.
The bullion market is also not behind in setting expectations from the budget. The importance of gold and silver in Indian society is not limited to jewelery only, rather it is considered the biggest means of safe investment. Bullion trader Subhash Wadala has expressed hope that there should be such provisions in the budget which will encourage the purchase of gold and silver. His argument is that when purchases in the bullion market increase, the flow of cash in the market increases and the business structure of the country becomes stronger.
At the same time, another important pillar of the economy, the MSME (Micro, Small and Medium Enterprises) sector has also raised its voice. This sector is called the ‘growth engine’ of the country’s economy. Many businessmen have emphasized that if the government gives easy rules and incentives to start new companies, it will have a direct impact on employment. The more new units are set up, the more job opportunities will be created for the youth.
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