Union Budget 2024: Urban consumption growth in Q1 lags behind rural areas | Budget 2024 News

1 min read Last Updated : Jul 23 2024 | 10:21 PM IST

CHALLENGES

> Urban consumption growth in Q12024 fell behind rural areas for the first time in 5 quarters

> Evidence of a K-shaped recovery is also seen in vehicle sales. More expensive passenger vehicle sales are higher than before the pandemic, while two-wheeler sales continue to lag

TAKEAWAYS

> Focus on spending in rural areas and other long-term steps, is expected to help increase income in the hands of consumers in the long-term

> Lower taxes and levies on mobile phones and associated products such as chargers to help bring down prices

First Published: Jul 23 2024 | 10:21 PM IST

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