The Covid-19 pandemic could act as an inflection point to shift India's growth model from being consumption driven to investments-led.
Economic performance is also affected if large numbers of people are out of work, or at such low levels of income as to force under-consumption, writes T N Ninan
There is a need to further fuel the drivers of household consumption and private investments to enhance the aggregate demand in the economy, industry chamber PHDCCI said on Sunday.
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Unlock, good monsoon, better pace of vaccination and rural demand could galvanise recovery
Meanwhile, the agency also said that the second wave is likely to impact rural loan collections in securitised pools of loans.
In a Q&A, Shishir Shrivastava says his firm should start hitting the consumption trajectory of FY20 within 30-40 days
The recovery cannot be investments-led because most enterprises are nursing excess capacities
Government must now step up expenditure to boost demand for private investment and consumption, said RBI
The consumption spurt will be driven by urbanisation, higher disposable incomes, and nuclear families
Factors that will increase pressure to ration healthcare, signs of green shoots in consumer spending, lowest single-day death toll so far-news relevant to India's fight against Covid-19
Warns about the possibility of another, more devastating Covid wave, strikes an optimistic chord on declining infections
Despite the Covid-19 pandemic, consumption will continue to grow at a steady pace, the consultancy says, tripling in size in 10 years
The CPI-IW hasn't been revised since 2001 - an exercise which should usually take place every five years
While India e-commerce is booming, retail sector is steadily recovering post 'unlock' to reach over 80% of pre-Covid levels of about $780 bn in 2020, according to RedSeer
With the Covid-19 pandemic shattering the country's economy, resulting in mass layoffs and salary cuts, the cola major is now facing faltering sales and an overall slowdown in consumption
"Retrenchment in activity that is unprecedented in history," says the annual report released by the central bank
Japanese media reported the latest drop was the worst since World War II