Budget 2022 | What the finance minister is doing ‘indirectly’ for consumption

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Budget 2022 | what the finance minister is doing ‘indirectly’ for consumption

01 Feb 2022

1 min read

“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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Budget 2022 | What the finance minister is doing ‘indirectly’ for consumption | PraxisGA