Consumption Growth

The Budget has put more money in the hands of the people through relief from Income Tax, which is a very positive step, analysts said

Brokerages expect double digit earnings growth over the next three years

PFCE, a proxy for household and private sector consumption, was 61.6% of nominal GDP in Q2FY23, as against 61.1% in the previous quarter and 59.5 per cent a year ago

Volumes decline 3.6%; urban areas sustain at 1.2 %: NielsenIQ

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The high revenue growth has largely been predicted due to increasing mall supply in next six years, sustenance of rising consumption demand

Banks, Auto, FMCG, Hospitals, Domestic Industrials, and Discretionary may continue to outperform the 'Export + Cyclical'-oriented themes

India's per capita gross domestic product (GDP) rose from less than $100 in 1960 to over $2,200 in 2021

The top 20 per cent of upper-income consumers will help recover the near-term consumption demand, as per a report

Changes in the income-tax, likely good monsoon and the on-going above normal Rabi acreage along with higher MSPs are the key triggers analysts are betting on for the consumption revival

Steady economic revival holds the key

Growth yet to get back to pre-covid level, CEA sees it happening next year

A contraction in India's services sector deepened as localized curbs to control the virus spread hurt consumer demand and business activity

The economic drag from the pandemic in the current quarter will be dominated by demand destruction or deferment of expenditures, said QuantEco Research economist Yuvika Singhal

Power consumption in the country grew by around 19 per cent in the first fortnight of May showing recovery in industrial and commercial demand of electricity, according to the power ministry data.

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The estimated size of the retail commerce economy in India will be more than $1 trillion in the next 3-4 years, said Krishnamurthy

Apple Driving Index nearly caught up with Google Mobility Index for grocery mid August, further showing that Q2 GDP growth might not be as bad as expected

Analysts have cut earnings estimates more sharply for consumption-oriented companies, even as many other indicators show signs of stagnation.

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