Consumer and Retail
Budget 2022 | What the finance minister is doing ‘indirectly’ for consumption
01 Feb 2022
“In today’s budget, though there is no immediate relief for
consumers or FMCG players, the increase in capital expenditure by 35.4 percent
year-on-year to Rs 7.50 lakh crore is great news in the mid to long term. These
will go a long way in increasing both direct and indirect employment due to a
high multiplier effect, that is, approximately 2.5x for infrastructure
investment,” said Purnendu Kumar, practice leader, consumer and retail, Praxis
Global Alliance.
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