
India to remain fastest-growing G-20 economy over next few years: Moody's
India, the world's office, will also become a major manufacturer, says Moody's
India, the world's office, will also become a major manufacturer, says Moody's
While Budget 2023 promises more disposable income, private consumption is unlikely to increase in a hurry.
The FM has announced an increased capital investment outlay by 33.4% to ₹10 lakh, which could lead to employment generation in the mid to long-term and hence an increase in demand-led consumption
‘Personal loans’, rather than credit to agri, industry, and services, remains at the top and drive credit offtake, which needs to be corrected to avoid low-middle income trap and stalling growth
Young fashion brand FabAlley & Indya expects festive sales in East India to grow by 70% over last year.
Private consumption remains subdued and below its pre-pandemic growth path while rural demand witnessed a marked slowdown, says ITC.
Putting money in the hands of the consumers could have helped grow consumption, say experts.
Per capita consumption expenditure, a key indicator of household spending, had contracted in FY21, before regaining momentum in FY22.
Savings and investment rates are on a prolonged downward swing; cheap credit and corporate tax cut have failed to revive investor spirit or regenerate ‘animal spirit’ in the economy
The signs of a pick-up hold out hope, but regaining lost ground is the tough task ahead.