HomeNewsEye on indiaVideos3-Point Analysis | Announcements in Budget may boost 'Make in India'

3-Point Analysis | Announcements in Budget may boost 'Make in India'

However, choked up infrastructure development will pose a major challenge. Slow growth and weak consumption also add to it.

July 11, 2019 / 18:11 IST
Story continues below Advertisement

Finance Minister Nirmala Sitharaman announced changes in customs duty on imported goods mainly increasing them in an attempt to boost the domestic manufacturers.

Allocations to various rural schemes will help grow consumption in that area along with high customs duty on non-essential products will boost production for local manufacturers and in turn uplift the domestic market.

Story continues below Advertisement

Sakshi Batra does a 3-Point Analysis on whether the changes in customs duty and huge allocation will help achieve the growth of 'Make in India'.

Moneycontrol News
first published: Jul 11, 2019 06:11 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!