The Consumer & Retail sector is growing rapidly and is extremely dynamic. Due to constant disruption, managing business has become complicated and cumbersome.
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Budget 2023 expectations of retail sector
Top 5 budget 2023 expectations of retail sector
At Grant Thornton in India, our automotive team works with a wide variety of clients to help them achieve their goals and increase shareholder wealth. Our...
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Post-Budget Article: Impact on the Automotive Sector
The forward-looking approach adopted in the budget towards this sector has been in alignment with the government’s goals of promoting Aatmanirbhar Bharat and moving firmly towards net-zero carbon emissions by 2070, shares Saket Mehra in this insightful article in Financial Express.

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Grant Thornton Bharat’s pre-budget expectations survey for BFSI sector had interesting results. More than 75% of the respondents felt that the Budget 2022 should focus on the following:
- Green energy should be included in the definition of priority sector
- Data Privacy Bill should be pushed for finalisation
- Public Credit Registry initiative should be prioritised
- Increased regulatory focus around cryptocurrency and non-fungible tokens (NFTs)
- Harmonisation of tax and regulatory incentives for alternate investment funds (AIFs) between the Domestic Tariff Area and Gujarat International Finance Tec-City (GIFT City)
Opinion was divided on foreign bank tax reduction, differential bank licences and extension of tax incentives on interest income for foreign portfolio investors (FPIs).
The respondents also voted for fiscal stimulus measures to mitigate damages from the ongoing COVID-19 pandemic, but voted against moratoriums to be provided by the banking system, which reflects an underlying recovery sentiment.
Pre-budget expectation survey | Banking, Financial Services & Insurance Sector
Detailed insights from the pre-budget expectation survey conducted for the BFSI sector