Govt must raise expenditure on infra, focus on rural income: Experts

Resolve NBFC crisis, ask banks to transmit MPC's decisions, they say

Industry players and experts want the government to raise its expenditure on infrastructure projects, elevate rural disposable incomes, address the crisis of non-banking financial companies, and prod banks to cut interest rates to put the economy back on track.

Mohit Malhotra, chief executive officer, Dabur India, said there was a liquidity crunch in rural areas, leaving little money in the hands of the rural consumer, affecting consumer staples. 

“If government spending and a stimulus package can be provided to rural areas, they will go a long way in reviving consumer demand and growth in the sector,” he said.

Sumit Malhotra,