“We are expecting an uptick in discretionary consumable spends due to the expected move of increasing the tax exemption slab to Rs.5 Lakhs. This will augment disposable income and contribute to enhanced spending in items like gold and jewellery and other consumable sectors. If implemented it will infuse much cheer for all consumer facing businesses.”
Mr. T S Kalyanaraman, Chairman and Managing Director, Kalyan Jewellers