One of the worst-hit business sectors in the pandemic is textiles, and within that segment, garment makers, especially those who were betting on exports.
Curtailed mobility of people due to the Covid-19 pandemic and related restrictions will shrink India’s air passenger traffic in both domestic and international sectors.
The pandemic and the subsequent lockdown has hurt micro, small and medium enterprises across sectors, leaving them vulnerable.
India’s nationwide lockdown has led to massive retrenchment and loss of output.
The US and the European Union, which together account for 64 per cent of India’s readymade garment (RMG) exports, are staring at a recession.
Not just the small businesses, even the large ones are beginning to feel the pinch now.
A classic case of having fingers in too many pies, despite the boost for electric vehicles and startups, the Budget failed to enthuse the stock markets
The government has already sounded the war bugle on elections. But in the bargain, the promises made need to be implemented with care.
With an eye on the upcoming elections, the government would want to fine-tune the tax system as far as possible.
The document highlights 41 key areas that it has identified for growth.