Budget 2022: CII sees uptick in India consumption by next quarter

The industry, hit by some curbs to control the omicron variant, is expecting relief measures in the budget due Tuesday

India’s consumption demand is set to pick up by the first quarter of the financial year beginning April 1, bolstered by measures to boost economic growth in the upcoming federal budget, according to an industry lobby group. 

“The private sector is showing some signs of recovery,” Chandrajit Banerjee, director general of the Confederation of Indian Industry said in an interview with Bloomberg Television’s Haslinda Amin and Yvonne Man. “The key expectation from the budget is to see how public expenditure grows as it can really ignite the sector where we see weak demand.” 

The industry, hit by some curbs to control the