Restaurants and Cinemas Anticipate a Surge in Consumer Spending

With the Union Budget 2025 introducing significant tax reliefs, sectors like restaurants, cinemas, and travel are set to witness a substantial increase in consumer spending. Sagar Daryani, president of the National Restaurant Association of India, highlights the positive impact of extra cash in people's hands, predicting improved profitability and job creation across malls and restaurants.

Travel and Entertainment Sectors to Benefit from Tax Reliefs

The travel industry, in particular, is poised for growth thanks to the expansion of regional connectivity under the UDAN scheme and an increased LRS limit. Mohak Nahta of Atlys and Pramod Arora of PVR Inox share optimism about the budget's potential to boost domestic travel and cinema visits, attributing this to the enhanced disposable income of the middle class.

Alcoholic Beverages and Retail Also See a Silver Lining

Amar Sinha of Radico Khaitan and Shriti Malhotra of Quest Retail - The Body Shop express confidence in the budget's ability to spur demand for premium products and increase urban consumption, respectively. The significant tax relief for the middle class is expected to empower consumers, enhancing their purchasing capacity and access to quality products.