Key Points
Rural consumption will require further support measures from the new government as well as a sustained capital expenditure push to get broad-based in the next few quarters, economists said, indicating that the upcoming general election is unlikely to provide a significant lift...
In the passenger car and two-wheeler segments, which have seen an upswing in demand in recent months, industry executives said it is broader economic growth rather than elections which will give further impetus to sales..
"After the election, if the government does announce some measures to correct demand, perhaps consumption demand will also pick up..
Jasrai said more can be done by rationalising GST rates and increasing allocations to PM-Kisan minimum income support scheme for farmers and rural schemes, including wages under the MGNREGA...
"Sales data in the last 25 years shows no real correlation with election year phenomena," said Shashank Srivastava, senior executive officer (marketing and sales), Maruti Suzuki..
