Affluent Lead India Consumption Story
Top 4% earners contributing heavily to consumption while the bottom 57% seem to be barely subsisting.
Top 4% earners contributing heavily to consumption while the bottom 57% seem to be barely subsisting.
Focus on jobs, MSMEs, rural sector and infrastructure is expected to fire up the domestic consumption engine amid slackening global growth.
The Budget’s measures are set to reshape consumption patterns and drive growth within the FMCG sector
With demand dipping consistently for the past few quarters the economy needed a booster dose.
The Union Budget 2024 presents a chance for the government to provide a clear and consistent policy roadmap, writes Rashesh Shah, chairman of Edelweiss Financial Services.
In the pre-budget roundtable of Fortune India, Dubey said the government needs to focus on the MSMEs as large businesses have already been provided multiple benefits such as PLIs and tax cuts.
The divergence between affluent and broad-based household demand persists, says UBS.
Measures to improve consumption demand and optimism in future growth will bring back private investment automatically
Morgan Stanley expects growth to be broad-based and the gaps between rural-urban consumption and private-public capex to narrow in FY25.
"We are now seeing early signs of private capex gaining momentum," says Morgan Stanley.