Union Budget 2022 Highlights: The budget is two days away and industry experts from across the spectrum share with CNBC-TV18 what they expect, need and hope from the Union Budget for the 2022-23 financial year. As February 1, 2022, draws closer, all attention on Finance Minister Nirmala Sitharaman.

The commerce ministry has proposed repeal of decades-old laws pertaining to tea, coffee, spices and rubber - and introduce new legislations

India currently is benefitting in the Cotton + Cotton Yarn segment and in the Made-ups segment, and the segment exports for both are at an all-time high. The Textile & Apparel industry believes that this is an opportune time to open up the industry more, provide some sops, and rationalize some of the taxes to help the industry grow and grab a higher market share in the global textile market.

Smaller weddings often with tighter budgets have become an undeniable reality for India today. In Tamil Nadu, these changes have had a compounding negative impact on an industry that relies on wedding fervour for its very survival - the Kanchipuram's silk-saree business.