Akhil Yerawar, Co-founder, CHIPMUNK - India’s first gentle and preventive makeup brand:

"Following the unveiling of the interim Budget by the Union Finance Minister, the retail and beauty industry eagerly awaited insights into the government's vision for economic growth and development. As the dust settles and analyses begin, it's evident that this Budget carries implications that resonate deeply within our sector, presenting both opportunities and challenges.

One of the notable highlights of this Budget is the emphasis placed on boosting consumer spending and enhancing purchasing power. The reduction in personal income tax rates and the proposed measures to stimulate disposable income are poised to inject a renewed sense of confidence and vitality into the retail landscape. This, coupled with the government's commitment to infrastructure development and rural upliftment, bodes well for the expansion of our consumer base and market reach.

Moreover, the Budget's focus on promoting entrepreneurship and fostering a conducive business environment is a welcome development for the beauty industry. The proposed measures aimed at simplifying compliance procedures and reducing regulatory burdens offer a ray of hope for small and medium-sized enterprises (SMEs) within our sector. It opens up avenues for innovation, growth, and market penetration, paving the way for a more vibrant and competitive marketplace.

At Chipmunk we view these Budget announcements with a sense of optimism and enthusiasm. We recognize the opportunities they present for us to innovate, adapt, and thrive in an ever-evolving retail and beauty landscape. As we navigate the road ahead, we remain committed to serving our customers with excellence, offering them products and experiences that enhance their lives and well-being.

In conclusion, the Budget's overarching theme of inclusive growth and prosperity aligns seamlessly with our own ethos and values. We look forward to leveraging the opportunities presented by this Budget to drive positive change, foster growth, and contribute towards building a stronger, more resilient retail and beauty ecosystem."