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.
14 May, 2025•13 min
2
14 May, 2025•13 min
2

More in Business
Business
Bhavish Aggarwal offloads 2% of Ola Electric stake
The founder and CEO of the struggling electric-scooter company sold 2.6 crore shares through a bulk deal.
You may also like
Business
How India’s retail shareholders are being left holding the can
Swiggy and Ola Electric’s plans to return to the public markets soon after big-bang IPOs leave investors with dilution, little prospect of returns and plenty of questions.
Business
Saudi Arabia plans a big spend for 2026 too, amid weak oil prices
The kingdom approves its awaited state budget for next year, the Emirates records a new high in economy and Yas Island goes driverless, among other updates.
Business
India needs a solid, long-term plan to soften US tariff blow
The shocks to employment, formalization and sectoral growth can seriously hurt India’s ongoing economic transformation. Here’s a practical guide to offsetting US export losses.








