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Pandemic worsened indirect tax burden: India Ratings SECTIONS Share Synopsis If we do not augment the domestic consumption, then the obvious pressure will be on the corporate because the capex largely depends on the domestic consumption, then the next round of challenge will be job creation, said Soumyajit Niyogi. ET Now Soumyajit Niyogi, Associate Director, India Ratings Soumyajit Niyogi, Associate Director, India Ratings in discussion with Tamanna Inamdar of ET Now said that indirect tax needs to be rationalised, if not, then disposable income will remain under pressure which will further affect consumption demand. Edited excerpts: Can you explain to us the premise when you say that the PFCE that is private final consumption expenditure growth declined from 7.5% in FY16-17 to 5.5% in FY20 what does that mean in real terms?

Tamanna inamdarSoumyajit niyogiAssociate directorIndia ratingsIndirect taxCovid 19Private final consumption expenditureதமன்னா இனம்தர்இணை இயக்குனர்இந்தியா ரேடிஂக்ஸ்மறைமுகமாக வரிப்ரைவேட் இறுதி நுகர்வு செலவு