India’s consumption numbers point to strain, inequality
The latest GDP data, albeit impressive, belie the oft-repeated consumption breakout story and green shoots. Even more worrying is the unequal nature of consumption.
8 July, 2024•12 min
0
8 July, 2024•12 min
0

More in Business
Business
Why Kotak Mahindra Bank is in a hurry to swallow IDBI
As growth flatlines, acquisition of the government-controlled lender may be the only way out for the Uday Kotak-promoted bank to stay relevant.
You may also like
Business
GST Bachat Utsav is a colossal oversell
Beyond marginal savings for consumers, the promises held out by the GST cuts are a tall order. Maybe even delusional.
Business
RBI’s rate cuts fail to arrest India’s economic decline
Despite the go-go narrative, it is clear that the country’s economic growth is in a funk. What’s more, history shows that further interest rate cuts to fuel stalled growth will be as futile as flogging a dead horse.
Business
Poorer, salaried classes can’t lift India’s consumption gloom
Stagnant wages and job growth are straining the economy. The government’s hyped tax breaks can do little to fix what is fundamentally wrong with demand.








