Union Budget 2015-16 - Customs duty reduction to impact Microwave over, Refrigerators positively

Mr. Kamal Nandi Business head and Executive Vice President, Godrej Appliances

"The Union Budget 2015 promises GDP growth of 8 – 8.5% in the fiscal year 2015-16 and inflation of 5% by end March 2016. This coupled with more money in hand of the tax payers through various schemes will increase disposable income in the hands of consumers and hence boost consumption. In support of 'Make in India' vision custom duty reduction in 22 items has been announced which more specific to Appliance Industry will positively impact Microwave oven and Refrigerator compressor manufacturing. The extent of reduction is not known and hence its impact cannot be assessed.

Source : Equity Bulls

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