DOES IT SPUR CON­SUMP­TION DE­MAND?

India Today - - COVER STORY -

AD.K. JOSHI

Only mildly, as men­tioned in the pre­vi­ous re­ply

ASHIMA GOYAL

Yes, ru­ral spend­ing and tax cuts for lower in­come tax slabs will spur de­mand for mass con­sump­tion goods, not just for food, as hap­pened in 2007-11 as food price in­fla­tion was very high

USHA THO­RAT

Hope­fully

ADITI NAYAR

The cut in the per­sonal in­come tax rate from 10 per cent to 5 per cent in the low­est tax slab will boost con­sump­tion sen­ti­ment to some ex­tent. The en­hanced al­lo­ca­tion for MNREGA will im­prove the so­cial se­cu­rity net in ru­ral ar­eas and pro­tect con­sump­tion at the bot­tom of the pyra­mid

N.R. BHANUMURTHY

With more money go­ing into the hands of peo­ple as well as re­duc­tion in in­come tax rates and higher al­lo­ca­tion on ru­ral devel­op­ment pro­grammes such as MNREGA, con­sump­tion de­mand is ex­pected to go up. Fur­ther, if in­fla­tion stays at the cur­rent level or falls a lit­tle more, that will also re­sult in higher con­sump­tion de­mand

RA­JIV KU­MAR

Yes it does, by re­duc­ing per­sonal in­come tax. I’d have been hap­pier if the in­come tax slab was made broader and the 30 per cent tax rate ap­plied to in­comes above Rs 24 lakh

ASHOK GU­LATI

Yes, to some ex­tent

NAUSHAD FORBES

Con­sump­tion de­mand will be spurred by the in­crease in spend­ing on ru­ral ar­eas, in­clud­ing through schemes such as MNREGA. Sev­eral schemes to in­crease farm­ers’ in­comes will also help in this re­gard

SAMIRAN CHAKRABORTY

The fo­cus of the bud­get has been more to­wards sup­port­ing cap­i­tal ex­pen­di­ture than spurring con­sump­tion de­mand

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