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No Quick Fix for Consumer-facing Firms in Budget

No Quick Fix for Consumer-facing Firms in Budget

The Union Budget shied away from offering any quick fix to the problem of low demand for consumerfacing sectors.

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Arnab Dutta
  • Feb 25, 2022,
  • Updated Feb 25, 2022 6:07 PM IST

The Union Budget shied away from offering any quick fix to the problem of low demand for consumerfacing sectors. Its focus on infra development and job creation points to an effort to generate demand in the mid-to-long term. Industry leaders like Hindustan Unilever Chairman and MD Sanjiv Mehta now believe that consumer demand may stage a comeback by the second half of the year.

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The Union Budget shied away from offering any quick fix to the problem of low demand for consumerfacing sectors. Its focus on infra development and job creation points to an effort to generate demand in the mid-to-long term. Industry leaders like Hindustan Unilever Chairman and MD Sanjiv Mehta now believe that consumer demand may stage a comeback by the second half of the year.

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ABOUT THE AUTHOR

Arnab Dutta

Arnab writes extensively on India's corporate sector and implications of government policies on businesses, markets and Indian households. With over 10 years of experience in journalism and having worked at national publications like Business Standard, Indian Express and Mint (HT), Arnab is a senior journalist with expertise on corporate finance, consumer economy and related public policies. Apart from world cinema, music and photography, he takes keen interest in geopolitics & Indian polity.

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