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How well rural consumption is doing is subjective. What isn’t subjective is how growing indebtedness, combined with stagnant income growth, is creating a tinderbox for households, banks and consumer companies that no one is talking about.

Editor's note: This is essential reading for anyone who is interested in the state of the Indian economy. Economists, CEOs and decision makers, make sure you don’t miss this. This story must also be read by anyone who uses the government’s narrative in their work to design strategies for selling a product or service, especially those catering to rural India.
Slowing growth, weakening store metrics and a puzzling fundraise point to the retailer losing some of its post-Zudio sheen.
The regulator’s proposals to introduce checks and safety features in instant payments, if implemented, may end up testing banks.
The regional economy is expected to take a big hit in 2026, venture capital activity is starting to show signs of strain, and Saudi Arabia’s sovereign fund has a new investment strategy.