Benefits for Indian textile, leather and related sectors in the Union Budget 2005
28 Feb '05
3 min read
on unbranded jewellery • To allow MFs to launch exchange traded gold funds • Double-digit capital goods sector growth sign of capacity expansion across industries • Manufacturing growth investment-led and even • Govt to revise base year for WPI from 1993-94 to a more recent year • Need to step up investment, export demand • Need to hike FDI caps in coal mining, insurance, retail - Demand has been consumer- led so far • Exports to rise $15000 crore by FY09 • To further liberalise in trade policy, promote exports • Opportunities in mining, trade and pension sector for FDI • VAT to eliminate cascading effect of sales tax • Govt delivered on promise to accelerate foreign trade • Bharat Nirman to be conceived as Business Plan with six components – irrigation, road etc • Ministry of Agriculture to prepare road map, housing, telecom – infrastructure in short. • Rs 4750 crores for improving water quality • Industrial sector output 8.9% and manufacturing sector growth at 6.9% • Industrial sector will generate 70 lakhs jobs • Business confidence has been restored: FM • 2004-05 GDP growth seen at 6.9% vs 8.5% year ago • NCMP proposes to provide additional sum of Rs 25000 cr in the next year • Rs 10,216 crore for Tsunami rehabilitation • Net revenue estimated at Rs 5,194 cr • Rs 3,400 cr to be raised f
• Rs 3,400 cr to be raised from market • Rs 4718.19 cr to come from internal sources • Gold Fund units to be tradable
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