Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Even as job growth remains weaker than it was pre-pandemic, JM Financial sees the outlook on consumption strengthening. Notably, land prices are exhibiting momentum after almost 5 years accompanied by a 2-year high growth in currency in circulation. While the sustainability of this rise, and the consequent wealth effect and inflation trigger remains a key monitorable, other consumption drivers too appear favourable.
JM Financial also observes improved capex prospects after a near-decade of a falling capex-to-GDP ratio and low capacity utilisation levels: Reuters