Chart of the day | Consumption still rules

Chart of the day | Consumption still rules

The noise and dust around the budget has settled. After poring through the fine print, the market seems to believe that the consumption story will continue, for now.

On the flip side, the market also doesn’t believe in the finance minister’s ability to kick-start capital expenditure soon.

Despite the slew of incentives and tax breaks to power firms and measures to boost infrastructure spending, these sectors have fared the worst since Friday.

The big question that will haunt investors, however, is whether this consumption boom will sustain, given the inflationary nature of the budget?

Also See | Consumption still rules (PDF)

Graphics by Sandeep Bhatnagar/Mint

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