IMPACT OF 7TH PAY COMMISSION ON REAL STATE SECTOR AND AUTOMOBILE SECTOR: AN ANALYTICAL STUDY
Journal Title: IJAR-Indian Journal of Applied Research - Year 2017, Vol 7, Issue 7
Abstract
It is decided by the government that the 7th Pay Commission report will have its effect from January 1, 2016. The recommendations made by the said commission report will have an impact on more than forty seven lakh central employees and fifty two lakh pensioners. It will not only have an impact on the government sector but also on various other sectors. This research paper aims to critically analyze the recommendations of the Seventh Pay Commission which have been approved by the Union Cabinet and its effects on various sectors. This paper also examines how the increase in disposable income, increases the demand for consumer durable goods, real state and automobile sector take place after implication of 7th pay commission.
Authors and Affiliations
Dr. Pranav Saraswat
Keywords
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