There is a need to further fuel the drivers of household consumption and private investments to enhance the aggregate demand in the economy, industry chamber PHDCCI said on Sunday.
It added that the government should frontload the National Infrastructure Pipeline (NIP) expenditure as increased spending on projects will give a multiplier effect to rejuvenate the aggregate demand in the economy.
More and more direct benefit transfers need to be considered for the urban and rural poor under various welfare schemes, in addition to the free distribution of dry rations, PHDCCI President Sanjay Aggarwal said.
The chamber projects a double-digit GDP growth trajectory at 10.25 per cent in 2021-22, supported by the effective policies of the government and improved business sentiments.
The improvement in key economic indicators is signalling broad-based recovery in the coming months which will be higher than the pre-COVID economic activity, he added.
"At this juncture, there is a need to further fuel the drivers of household consumption and private investments to enhance the aggregate demand in the economy as it will have an accelerated effect on expansion of capital investments in the country," Aggarwal said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
"consumption" - Google News
August 22, 2021 at 06:26PM
https://ift.tt/3sBaN6P
Need to further fuel drivers of consumption, private investment: Industry - Business Standard
"consumption" - Google News
https://ift.tt/2WkKCBC
https://ift.tt/2YCP29R
Bagikan Berita Ini
0 Response to "Need to further fuel drivers of consumption, private investment: Industry - Business Standard"
Post a Comment