This is not consumerism; rather we are stimulating demand in the economy by giving purchasing power to the people who can afford to pay them not in one shot but in installments spread over several years. If domestically manufactured goods are bought it’s boosting the industrial growth. How have we achieved 17% industrial growth during the last fiscal year?
Mario Draghi: Hearing of the Committee on Economic and Monetary Affairs of the European Parliament Introductory statement by Mr Mario Draghi, President of the European Central Bank, at the ECON committee of the European Parliament, Brussels, 26 November 2018.