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Spending gets rural springboard: More money in consumer’s hand will lead to a rise in demand for consumer goods

By Economic Times - 4 months ago
The Indian government's budget focuses on infrastructure, rural outlay, and tax savings, which are expected to boost rural demand for packaged consumer goods and two-wheelers. The budget also aims to create jobs, which will drive consumption in tier-2 and 3 cities. However, the increase in capital gains taxes could impede discretionary spending.

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