Budget 2024: Cut in customs duty, credit guarantee scheme for MSMEs to help boost mfg, exports: Experts

Recent Budget announcements, including cuts in customs duties on various goods, a credit guarantee scheme for MSMEs, and the establishment of e-commerce hubs, are poised to enhance domestic manufacturing and exports. Experts suggest that reducing customs duties on items such as spandex, leather, and marine goods will support industry self-reliance.