Up but not out of the woods: Pain points & what's on offer in Budget

Pain points

Capacity utilisation is higher than it was before, but there has been a dip in the latest readings. Subdued demand may affect utilisation rates going forward as the world braces for a potential global recession. The domestic demand situation has also been challenging.

Commercial vehicle sales have faced headwinds.

There was a 7 per cent year-on-year decline in the January numbers reported by the country’s largest manufacturer Tata Motors. Commercial vehicle sales are seen to be a proxy for economic activity.

What’s on offer

Income tax relief offered to tax payers can put