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  1. Budget to boost consumption, housing demand in small towns

Budget to boost consumption, housing demand in small towns

While the farm sector saw a sharper increase in Budget spend, the non-farm sector too got its fair share.

By: | Published: March 4, 2016 12:11 AM

While the farm sector saw a sharper increase in Budget spend, the non-farm sector too got its fair share. The push on rural sectors will propel consumption in rural-linked sectors such as tractors, two-wheelers and fast moving consumer goods. The increase in interest deduction for first-time home buyers will boost demand for homes costing below Rs 50 lakh, as currently 40% of the upcoming supply in the 10 major cities tracked by Crisil Research is priced below Rs 50 lakh.

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