Budget 2023: Tax relief won’t spur consumption, say experts
The FM has announced an increased capital investment outlay by 33.4% to ₹10 lakh, which could lead to employment generation in the mid to long-term and hence an increase in demand-led consumption
Budget 2023: The hidden trap in India’s consumer loan surge
‘Personal loans’, rather than credit to agri, industry, and services, remains at the top and drive credit offtake, which needs to be corrected to avoid low-middle income trap and stalling growth
Revenge consumption: consumers flock to stores as festivities near
Young fashion brand FabAlley & Indya expects festive sales in East India to grow by 70% over last year.
Inflation poses significant challenges for FMCG firms: ITC
Private consumption remains subdued and below its pre-pandemic growth path while rural demand witnessed a marked slowdown, says ITC.
Budget 2022 unlikely to spur consumption in the short-term
Putting money in the hands of the consumers could have helped grow consumption, say experts.
Budget 2022: Boosting consumption key
Per capita consumption expenditure, a key indicator of household spending, had contracted in FY21, before regaining momentum in FY22.
Endless wait for investment cycle to kickstart growth
Savings and investment rates are on a prolonged downward swing; cheap credit and corporate tax cut have failed to revive investor spirit or regenerate ‘animal spirit’ in the economy
Economic recovery: India’s arduous ascent
The signs of a pick-up hold out hope, but regaining lost ground is the tough task ahead.
Why India’s growth could slow down to 2.5% in FY21
The consensus is that of the four engines of India’s GDP growth only one, government consumption—12% share of the economy, will be firing. The rest are sputtering or stalled.
Definitely a consumption Budget: Nirmala Sitharaman
Through an outreach programme after the Budget, finance minister Nirmala Sitharaman explains how her Budget proposals would aid economic growth while remaining fiscally prudent.