"Green shoots" are visible on the consumption front as food inflation has started receding, newly appointed FICCI President Harsha V Agarwal said. Food inflation is expected to come down to its normal level in the next two quarters, Agarwal said, adding that he is hopeful for a revival in consumption growth, aided by a good crop and increased spending by the government on the big-ticket infra projects and rural schemes in the December quarter. Government spending in the right areas -- like increase in capex and ramping up infrastructure, rather than focusing on revenue expenditure -- is helping the overall economy, he said. "We are seeing some green shoots where we believe food inflation is coming down... it has to come back to normal. It might take maybe one quarter or so. But we are seeing situations where it is improving, and hence we are hopeful that consumption should increase," Agarwal told PTI. Government spending in the September quarter was low due to the general elections
Initial data from NielsenIQ for October shows overall FMCG growth at 4-5 per cent, with volume growth at around 3 per cent and price growth at just 1-2 per cent
While retail sales, both online and offline, saw some increase during the festive season, the overall growth was slower compared to prior years
The HCES data not only points to a secular decline in the share of food items in the spending basket, but also reveals a shift in the composition of food expenditure itself
A raft of factors can whet spending propensity
On the surface, India's economy seems to be cruising along, but it is on the commonplace road to prosperity failure
Analysts suggest that while this does not signify a slowdown, it indicates a moderation in consumption, likely influenced by severe heatwave conditions prevailing in the country during May
Demonetisation, GST implementation, Covid caused a slowdown: Nomura
Indian economy grew 8.4% in the October-December quarter, marking its fastest pace in one-and-a-half years, led by robust manufacturing and construction activity
Regular updates will better inform policy
As far as demand is concerned, Pande believes that it is cyclical and demand will revive for the QSR industry
The round will provide partial exits to initial investors Indian Angel Network and Lighthouse Funds. Daryani also mentioned that about Rs 180-190 crore was for the primary funding of the business
Momentum may not sustain into next year; policymakers should stay vigilant and build buffers
Non-essential spending has increased more in non-metro segment as incomes rise
According to the management, with a little negative impact from beverage portfolio, mid-single volume growth should be possible in the near term in the India business
RBI's MPC said going forward, the inflation trajectory would be guided by food dynamics
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