7th Pay Commission to bring good news for Indian business?
“Factors like the Seventh Pay commission and GDP (growth rate) may surge spending power, which may translate into more demand for other sectors than housing, which is key for cement consumption. Better monsoon may help with some increase in the rural housing demand,” Amey Joshi, associate director (corporate), India Ratings and Research told LiveMint.
The reports and recommendation of 7th Pay Commission is likely to be taken up by the union Cabinet on Wednesday. Photo: Reuters