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
India's total consumption is estimated to have grown by 7 per cent in FY22 with government consumption being the biggest contributor, the Economic Survey tabled in Parliament on Monday said
Indians are slowly making their way back to the office and is witnessing a consumption revival in the country with spending intent shifting towards more discretionary items
A comfortable valuation is always desirable but looking at the valuation from an aggregate perspective may not be very useful, says Nilesh Shah, MD and CEO at Envision Capital.
More than 90% of the shopkeepers said footfalls were lower in Diwali compared to last year and there were also empty shelves and early store closures despite the festive season
Finance Minister Nirmala Sitharaman is betting that local firms will pass on the corporate tax cuts to customers in the form of lower prices to stimulate demand