Fitch has cut India GDP growth forecast for FY20 to 6.8%—a mere reflection of the slowdown in auto and FMCG sectorsHeavyweights in both the industries—Maruti Suzuki and Hindustan Unilever Ltd (HUL) have a lacklustre outlook on sales
3 min read25 Mar 2019Households with income ₹5-20 lakh per annum contributed 43% of the ₹110 trillion annual consumption in India in 2018, says a BCG reportDomestic consumption in India in the last decade increased 3.5 times from ₹31 trillion to ₹110 trillion, says the report
3 min read27 Feb 2019A consumption-driven growth not only fuels inflation, but also can arguably lead to a slackening of future growth
3 min read3 Sep 2018Changing attitudes, low penetration, availability and data mining are immediate tailwinds, while better asset ownership records could be a medium-term driver
5 min read15 Jul 2018While consumption has driven economic growth, the share of capital formation in GDP has fallen, from 34.02% of GDP in 2013-14 to 30.75% in 2017-18
2 min read29 May 2018As the Trump tariff order prompts concern about a trade war, Anand Mahindra was quick to highlight India's position as the world's fastest-growing major economy, one heavily focused on domestic consumption
1 min read9 Mar 2018The ongoing consumption demand that began in fiscal 2012 is unsustainable given the poor employment growth even as private sector investments still remain a far cry, says Ambit Capital
1 min read11 Sep 2017Nine charts that sketch the anatomy of the slowdown in India's economic growth and look ahead
4 min read4 Sep 2017The appropriation of future wealth and resources for current consumption is increasingly disadvantaging future generations
4 min read15 Jun 2017Ratings agencies have cut their estimates of India's GDP growth in light of the demonetisation of Rs500 and Rs1000 currency notes
1 min read24 Nov 2016The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared