Dr. Nilanjan Banik, Professor at Mahindra University, provides a deep dive into the key policy measures needed to stimulate growth through increased consumption.

In his latest article, “Budget 2025: The What, Why, and How of Boosting Consumption for Stimulating Growth,” published in TheWire.in, Dr. Banik highlights:

• The impact of declining consumption on India’s economic outlook.
• The urgent need for tax exemptions and business-friendly reforms to revive spending.
• The role of MSMEs, agriculture, and the middle class in driving sustainable economic growth.
• Why higher investments in education and healthcare are critical for long-term prosperity.