‘Budget move to accelerate urbanisation’: Swiggy MD

Swiggy MD & group CEO Sriharsha Majety has said that budget’s announcement to introduce City Economic Regions, will accelerate urbanisation and formalisation beyond the metros, while expansion of organised economic activity into Tier-II and Tier-III centres will be a key driver of incremental GDP creation over medium term.“Targeted investments in hospitality skilling, pilgrimage towns and integrated tourism circuits are expected to lift travel demand, while creating service-led employment at scale. As cities expand and densify, platforms such as food delivery and quick commerce increasingly function as essential urban infrastructure rather than discretionary services,” he said.Together with GST and income tax cuts the moves will provide a demand-side stimulus, strengthening consumption across income segments.