Demand remains soft, Budget needs to leave more money in hands of consumers: Pidilite MD Designate
Budget 2025: Overall demand continues to remain soft as inflation of food, educational and telecom expenses put pressure on disposable income of the average Indian, and steps to leave more money in their hands in the upcoming Budget will be a welcome move, Pidilite Industries Ltd Managing Director Designate, Sudhanshu Vats said on Thursday. Addressing a virtual conference call, he said,«We are beginning to see a little bit of uptick in rural (markets) but we've got to see the same coming up all across.»
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«When it comes to overall demand, it continues to remain soft,» Vats said when asked about the demand scenario, adding this has been continuing from previous quarters.
On reasons for the softness in demand, Vats said for a vast majority of Indians a variety of inflation have impacted their disposable income.
«There is food inflation, there is educational expenses inflation...telecom packages, a little bit of the prices have gone up. So I think that has put pressure on the disposable income of the average Indian,» he said.
Vats further said,«The wage growth has not kept pace with the inflation of their daily basket, which has a large component of some of these things, which is food, education, and now telecom.»
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