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No Benefit From Pay Commission Salary Hikes? Buy These Stocks
20 Nov 2015, 12:20 PM IST 
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Car sales are expected to rise from 8 per cent in 20015-16 to 15 per cent in 2016-17, according to Nomura estimates.
The seventh Pay Commission's recommendation of 23.55 per cent salary hikes will be applicable for central government employees, but individuals in the private sector can also benefit from the consumption story that will unfold following the implementation of the report from January 1, 2016.
(Read: Seventh Pay Commission For 23.5% Salary Hike: 10 Facts)
Analysts say salary hikes for government employees will boost domestic consumpti...
