http://www.indiaretailbiz.com/blog/2009/07/07/retail-disappointed-with-budget-as-no-specific-demand-of-the-sector-in-accepted-by-the-finance-minister/ Capturing the Excitement of Retail Biz in India Fri, 27 Nov 2009 09:10:48 -0600 http://wordpress.org/?v=2.8.6 hourly 1 http://www.indiaretailbiz.com/blog/2009/07/07/retail-disappointed-with-budget-as-no-specific-demand-of-the-sector-in-accepted-by-the-finance-minister/comment-page-1/#comment-5961 Akhil Sethi Tue, 07 Jul 2009 12:58:18 +0000 http://www.indiaretailbiz.com/blog/2009/07/07/retail-disappointed-with-budget-as-no-specific-demand-of-the-sector-in-accepted-by-the-finance-minister/#comment-5961 The fin. ministry is assuming that putting more money into the wallets of people will lead to spending....that is, it will generate more demand among the consumers to spend....but what if, those consumers dont spend that much & save all money for the future, as this global recession has put doubts in the minds of people about there future. Pranabda in his post budget speech said that it was quite a risk he is taking.....but whether this risk was worth taking or not....?? The fin. ministry is assuming that putting more money into the wallets of people will lead to spending….that is, it will generate more demand among the consumers to spend….but what if, those consumers dont spend that much & save all money for the future, as this global recession has put doubts in the minds of people about there future.
Pranabda in his post budget speech said that it was quite a risk he is taking…..but whether this risk was worth taking or not….??

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