Budget announcements could spur B domestic demand for small appliances, packaged goods, as well as small cars and two-wheelers, but will do little to shore up demand in rural India, industry experts and analysts said about the government's last full-budget before the general elections in 2024.
High inflation has long been plaguing the Indian household consumption, especially in rural markets, wherein consumers are trying to focus on daily expenses while shying away from discretionary spending.
While commodity inflation has softened of late, cost of raw materials such as cereals, milk, and pulses is still up 25-40% over last year.
Denne historien er fra February 02, 2023-utgaven av Mint Mumbai.
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Denne historien er fra February 02, 2023-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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