MUMBAI, 22 MAY, 2020 (GPN): Mr. Sanjay Kumar, CEO & MD, Elior India  shares his perspective on today’s RBI announcement : “It is good that the RBI has commented on the slump in consumer demand. We now hope that a more aggressive fiscal stimulus combined with the monetary easing will help the demand growth.

The crux of the economic recovery hinges on increasing demand at a macro level. Monetary easing alone will not yield the desired outcomes as stated by the RBI governor. The consuming class in India is essentially the taxpayers and hence, reducing taxes on consumption and income will not only stimulate demand but also help kick start the revival of key  sectors like food, automobile and  real estate.” ENDS