New Delhi, Feb. 2 -- The Union Budget 2025's focus on supporting lower and middle-income households could help revive private investment in the economy, according to a report by HDFC Bank.

The report highlighted that consumer demand has remained weak, affecting corporate sentiment, but the latest budget measures may provide the necessary push to stimulate economic growth.

It said, "A push for the lower and middle-income households - where the propensity to consume is high -- could provide the much-needed sentiment boost to get the private investment cycle rolling."

The report noted that capital expenditure (capex) generally has a stronger impact on economic growth compared to tax cuts. However, weak and fragmented consumer demand has b...