In this article for Mint, Niranjan Rajadhyaksha, Executive Director, Artha Global, discusses the ongoing consumption slowdown in India and questions whether it signals deeper issues in need of policy attention.
“The Indian consumer is showing signs of fatigue. The indications are evident in what consumer goods companies are reporting as well as from hard data in the national income accounts. Household consumer spending grew at half the pace of the overall economy in the financial year that ended in March. This has wide implications.”
Read the full article here.
Image sourced from Mint.
