Budget 2013-14: Cut rates, ease duty & cap inflation: Consumer-durable biz
Feb 26 2013, 15:04 | By Moneycontrol.com
The previous year has not been very fruitful for the consumer durables industry. The increased inflation and interest rates clubbed with multiple price increases due to increase in input costs have constrained the purchasing power of the middle class that ultimately has resulted in postponement of purchase. Since 3 years the consumer durables industry growth has been FLAT and it is time that it gets the boost from the government that it rightly deserves.
In the coming financial year we expect the Interest rates to go down, steps towards which we can already see from the recent cuts in the bank rate, repo rates, CRR. This is definitely a positive sign.
Further to this, we are expecting the government to make certain important decisions keeping in mind the aspirations of the middle class which will benefit the customers and the industry as a whole.
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