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    Budget 2023 expectations from consumption & retail: Cautiously optimistic, especially rural markets

    The government is likely to prefer indirect transfer of income which creates a multiplier effect on the economy to boost consumption

    Nandish Shah
    Bharat Gianani
    Neha Gupta
    January 19, 2023 / 03:07 PM IST
    Budget 2023 expectations from consumption & retail: Cautiously optimistic, especially rural markets

    Apart from the FMCG sector, companies in the retail sector have been feeling the impact of lower consumer spends, owing to inflationary pressures

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    Highlights Rural markets saw some green shoots Consumption likely to get a boost, given that it’s a pre-election budget Govt likely to prefer indirect transfer of income to support consumption Dabur, HUL, Britannia, Varun Beverages, Relaxo Footwear, V-Mart preferred from budget perspective Budget 2023-24 will be the final one by the Narendra Modi government before the general elections in mid-2024. Also, several key states are slated to go in for elections in 2023. In the consumption space, currently, the rural markets are the pain points,...

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