Reform push: Corporate bosses see higher demand and fast recovery

India Inc also expects other measures to make the recovery more permanent

The series of announcements made by Finance Minister (FM) Nirmala Sitharaman on Friday will prompt consumers to loosen their purse strings in the festive season, resulting in higher demand for private vehicles and homes, said corporate leaders. They are also hopeful this will help India Inc recover from low sales because of sparse consumer spending since September last year.

“This will certainly help India Inc recover in the short term. Now, India needs more medium-term reforms for lasting improvement in structural growth,” said Sanjay Nayar, chief executive officer (CEO) of KKR India, an asset management company.

The first quarter results for the