The Hon’ble Finance Minister presented the Union Budget 2025 on 01 February 2025 in the Lok Sabha. We bring you the key amendments proposed in Finance Bill 2025 with respect to Consumer & Retail sector.
On Saturday, 1 February 2025, the Hon'ble Finance Minister, Nirmala Sitharaman, presented Budget 2025 in the Lok Sabha.
Budget 2025-26 is a testament to our Government's unwavering commitment to realizing the vision of a "Viksit Bharat," a developed India. It lays a strategic roadmap through identified engines of development namely, Agriculture, MSME, Investment and Exports, and, also promotes employment generation, skill development, and innovation. For the Indian consumer products and retail sector, this Budget is not just a fiscal statement but a blueprint for unlocking the potential of both rural markets (constituting ~40% of total consumer spends mainly on FMCG, mobile phones, e-commerce, and consumer durables) and urban markets (constituting ~60% of total spends with high expenditures in electronics, luxury goods, and digital services), fostering an environment ripe for consumption and growth.
We are pleased to share attached alert covering amendments applicable to the consumer and retail sector.