Budget Reaction Quote – Bharadwaj Rachamadugu, Senior VP, Sai Silks Kalamandir

Bharadwaj Rachamadugu

“Increasing capital expenditure outlay by 33% is going to be big boost for overall growth of the economy, which will have percolating effect on the income levels, so as the increase in purchasing power. Any incremental spend on the capital expenditure will have a major impact on the overall economic growth which is very positive for expending the pie of middle class in the country. This would go a long way in supporting India consumption landscape across middle, low and upper end income levels, which is very positive for retailers.” – Bharadwaj Rachamadugu, Senior Vice President, Sai Silks Kalamandir

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