 "Consumer spending")
Consumer spending boost
The Centre announced Rs 73,000 crore for consumer spends and investments in a bid to revive the economic cycle. However, its quantum is small in comparison to the size of the component it tries to boost. The LTC tweak and festival advance will nudge government employees to spend Rs 36,000 crore extra this year. But the consumer spending that oils the Indian economy is of the size of Rs 122 trillion, explains Abhishek Waghmare.
