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Eye on India: Decoding Budget 2018's impact on rural India

In an interview with CNBC-TV18, VS Parthasarathy, Group CFO, Mahindra & Mahindra (M&M), Sudhir Kapadia, Partner and National Tax Leader, EY India and Pinaki-Ranjan Mishra, Partner and National Leader, Consumer Products and Retail at EY India discussed the real impact of the Budget on the life of the ordinary consumer as well as if this focus on rural wages and jobs growth is likely to give the much-needed boost to the rural economy.

Growth in India's agriculture sector has been anything but exciting. In fact, the average growth rate of agricultural gross domestic product (GDP) in the last four years between 2014 and 2018 has been just 2.2 percent per annum. A static rate of growth does not augur well for the farm sector which is also the largest provider of livelihood in the country.

The Finance Minister (FM) has announced several measures focusing on providing maximum livelihood in rural India with an aim to double the farmer's income by 2022. Slowdown in the rural economy has been a cause of concern and a its revival is key to India’s growth rate picking up. But how much of this promise will translate into more money actually going into the hands of rural folk that make up half of India's 1.3 billion people?

In an interview with CNBC-TV18, VS Parthasarathy, Group CFO, Mahindra & Mahindra (M&M), Sudhir Kapadia, Partner and National Tax Leader, EY India and Pinaki-Ranjan Mishra, Partner and National Leader, Consumer Products and Retail at EY India discussed the real impact of the Budget on the life of the ordinary consumer as well as if this focus on rural wages and jobs growth is likely to give the much-needed boost to the rural economy.

For entire discussion, watch accompanying videos...


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Wednesday,
15th August, 10:00 p.m.