Consumer spending refers to the total expenditure by households on goods and services. It plays a crucial role in driving economic growth. Increased consumer spending can stimulate production and create jobs. In India, this trend reflects changing lifestyles and rising incomes. It influences various sectors, including retail and services. Understanding consumer behaviour is essential for businesses and policymakers alike.
Recent data indicates a worrying trend in India's economy. For the first time since the pandemic, wages have contracted. This decline has affected consumer spending and corporate profits....
India's economy, once the fastest-growing major economy, is experiencing a notable slowdown. The national income growth rate has decreased from 8.2% to 6.7% as of June 2024. Analysts...
