This is what consumer and healthcare sector expects from Union Budget 2020

The Indian growth story has been largely fuelled by retail consumption, thanks to the country’s growing middle class. However, recent systemic issues such as inflation in basic consumer goods, the shadow-banking crisis and the on-going unemployment crunch have resulted in a setback to consumption. The lack of funds in the hands of consumers, owing to the reluctance of NBFCs to lend freely has particularly marred demand in not only high-ticket segments like real estate and auto but also in the retail and the packaged consumer goods industry.

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