scorecardresearch

Targeted aid: Will Budget undo the consumption shock?

Per capita income declined sharply in both FY20 and FY21; no wonder household consumption in the current fiscal year is lagging FY20 level by 3%.

Near-term measures to support low-income population should be high on the finance minister's mind as she presents Budget FY23 on Tuesday.
Near-term measures to support low-income population should be high on the finance minister's mind as she presents Budget FY23 on Tuesday.

Per capita income declined sharply in both FY20 and FY21; no wonder household consumption in the current fiscal year is lagging FY20 level by 3%.

Elevated inflation is compounding the problem.

Near-term measures to support low-income population should be high on the finance minister’s mind as she presents Budget FY23 on Tuesday.

Get live Share Market updates and latest India News and business news on Financial Express. Download Financial Express App for latest business news.