India's population is growing at an annual rate of 0.9% now and so we can safely assume , our consumption to that extent will automatically grow. There is no dearth of consumption and all FMCG and industries dependant on primary consumption commodities need not worry. Only in consumption dependant on discretionary income or disposable income will suffer in the immediate short term. The lifestyle goods' consumption will suffer in the medium term. But in the long term it will be back as economy bounces back as it will certainly. But we cannot just rely on the inherent strength of the economy. The Govt is expected to do its part and that too in large measure. in terms of fiscal steps. What the govt has done so far is to keep the economy alive.The Govts both Central and State Govts should be willing to forego atleast one quarter of their earnings to revive the economy, leave alone kick starting it. If they forego one quarter earnings ,they can convert it into 1/4th of GST ra...
Blogging about Society, individual and collective behaviour/herd mentality, nudges, economics, business, politics, sports and spirituality and on all the other subjects about which I know very little !!