Address Consumption-led Slowdown Seriously: Kiran Mazumdar Shaw
The CMD of Biocon Kiran Mazumdar Shaw said all indicators show that India is facing a consumption-led slowdown. "We have a salaried class which is a small sliver of our population who are actually the consumer class," she said, adding that we need to "make sure that they are in the right mood to consume". "There is a kind of an approach saying let's not spend now, let's spend later. I don't think that would kickstart or revive the economy or consumer spending," she said.
