Mint Quick Edit | Stock slide: Will the wealth effect dampen consumption?
Policymakers have given consumption a push. Income taxpayers in India will be left with more money, while loans taken to buy stuff will burden consumers less. The cheer yielded by this policy stimulus, however, should be viewed in the context of the âwealth effectâ. Also Read: Sensex crashes 2,300 points in 5 days. 5 key…
