Budget 2026: Consumer Sector Eyes GST Reforms, Consumption Boost, FTAs
Business
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Moneycontrol•14-01-2026, 10:11
Budget 2026: Consumer Sector Eyes GST Reforms, Consumption Boost, FTAs
- •India's consumer market is projected to become the world's second largest by 2030, reaching $4.3 trillion.
- •Industry players anticipate Budget 2026 to include measures boosting consumption, especially in discretionary products.
- •Experts highlight urbanization, digitization, and the shift to branded/organized retail as key consumption drivers.
- •Challenges include vulnerable rural demand, inverted duty structures, and limited Free Trade Agreements impacting export competitiveness.
- •The sector expects GST 2.0 reforms, targeted rural consumption boosts, and expanded FTAs from the upcoming Budget.
Why It Matters: The consumer sector seeks Budget 2026 to drive growth through GST reforms, consumption incentives, and FTAs.
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