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Last Updated : Jul 27, 2015 10:52 AM IST | Source: CNBC-TV18

Govt employees' likely pay hike to boost consumption: CLSA

"Our base case would be a 10-12 percent average pay hike. This should be a positive for discretionary consumption plays," Mahesh Nandurkar, CLSA said.

 
 
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ahesh Nandurkar, CLSA said the Central Government's pay commission recommendations will likely get implemented from FY17 onwards.


Wage and pension payments to approximately 30 million government employees/pensioners adding up to a total of an estimated Rs 16 trillion will be impacted directly or indirectly, he added.


"Our base case would be a 10-12 percent average pay hike. This should be a positive for discretionary consumption plays," Nandurkar said.

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Top ideas included Maruti Suzuki, Asian Paints, Voltas, Jubilant, PVR and Havells, he added.



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First Published on Jul 27, 2015 08:18 am
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