Government's Pay Hike To Boost Consumption Spending: D K Pant
PUBLISHED ON: June 30, 2016 | Duration: 8 min, 09 sec
D K Pant, chief economist and senior director at India Ratings & Research, says the Seventh Pay Commission hike will result in nearly Rs 45,000 crore of consumption spending. The rise in demand will help push capacity utilization, he adds.
