It’s the time of year when the nation anxiously looks at what’s going to be in their favour and what’s not. Industry leaders, entrepreneurs, investors, employees – there is something for everyone. Business leaders from various industries have set forth their expectations for Budget 2024.
The global luxury sector pioneer Raghav Belavadi detailed the possible revision in policies, regulations and practices that can benefit the luxury industry.
“As a luxury business, we expect government budget considerations such as favorable tax policies for luxury goods, incentives for sustainable practices, and support for digital transformation.
Funding for skill development in the luxury sector, infrastructure improvements, and policies enhancing global trade relations are crucial. Additionally, anticipating any changes in import/export duties, labor laws, and consumer protection regulations will help in strategic planning and maintaining market competitiveness.” Raghav Belavadi, Founder & CEO : Hype Luxury
