White Goods, Durables' Budget 2023 Expectations: ICICI Securities' View

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .ICICI Securities Report.Post speaking with white goods and durable companies, we note the key budget expectations are:increase in customs duty to likely to benefit electrical manufacturing services companies such as Amber Enterprises India Pvt. Ltd., Dixon Technologies Ltd. and Syrma SGS Technology Ltd.,reduction in customs duty for key components under the IGCR route for motor and compressors will likely result in higher domestic manufacturing, the prices of white goods and durables are up 20-22% over past two years led by high inflation and costs to comply with BEE norms. Hence, industry expects some correction in indirect taxes andinitiatives to increase disposable incomes resulting in higher consumption of durables..Click on the attachment to read the full report:.Budget 2023: Here's How Key Government Schemes Have Fared.More Research Reports On Union Budget 2023-24 Expectations.Union Budget 2023-24 Expectations - GoI Likely To Peg Fiscal Deficit At 5.8% Of GDP In FY24: ICRAUnion Budget 2023-24 Expectations: CareEdge View.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

White Goods, Durables' Budget 2023 Expectations: ICICI Securities' View

Increase In Customs Duty (If Any) To Drive Domestic Manufacturing, Benefit EMS Companies

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