Budget 2019 and its impact on FMCG sector - Dr Rajeshwari K

Finance Minister Nirmala Sitharaman’s maiden Budget has met with a mixed response. Most sectors have reported fall in market indices post-Budget 2019 announcement indicating no significant fillip has been given by the government in these. The positive beneficiaries of the Budget seem to be the auto sector (somewhat) through electric vehicles' (EV) tax reduction and investment in rural road infrastructure, the manufacturing industry by way of tax incentives for high-tech plants and also the fact that the base of corporates that falls under the 25 percent tax bracket has gone up.