Articles for Private Consumption

Ahead of Budget, govt pegs FY25 GDP growth at a tepid 6.4%—the slowest since the pandemic
3 days, 23 hours ago

Ahead of Budget, govt pegs FY25 GDP growth at a tepid 6.4%—the slowest since the pandemic

Live Mint  

New Delhi: The Indian economy’s express train may be slowing down, even while remaining the fastest-growing major economy in the world. India’s finance ministry recently said it expects the economy to grow at 6.5% in FY25, while the Reserve Bank of India estimated a 6.6% growth aided by rural consumption, government investment, and strong services exports. However, India’s gross domestic …

India Economy Growth Consumption Spending Private Trillion
Budget 2025: Should Nirmala Sitharaman focus on boosting consumption?
1 week, 3 days ago

Budget 2025: Should Nirmala Sitharaman focus on boosting consumption?

India Today  

Union Finance Minister Nirmala Sitharaman faces a challenging economic backdrop as she prepares to present Budget 2025-26 on February 1. The Reserve Bank of India also lowered its real GDP growth forecast for 2024-25 to 6.6%, citing global uncertainties, volatile commodity prices, and fragmented economic conditions. MIDDLE-CLASS RELIEF & CONSUMPTION REVIVAL Anand Ramanathan, Partner and Leader for the Consumer Products …

India Growth Tax Budget Economic Consumption Gdp
CEA calls for striking balance between corporate profitability, workers’ income
1 month ago

CEA calls for striking balance between corporate profitability, workers’ income

New Indian Express  

NEW DELHI: The anemic growth in private consumption has started to give jitters to the government as the chief economic advisor to the Ministry of Finance Dr V Anantha Nageswaran on Thursday called for a balance between corporate profitability and workers’ income growth. “While it is good to improve balance sheets, corporate profitability and workers’ income growth has to be …

Growth Corporate Consumption Cea Private Consumption Corporate Profitability
Indian stock market: Experts stay optimistic despite Q2 GDP shock, recommend THESE key sectors and stocks to buy
1 month, 1 week ago

Indian stock market: Experts stay optimistic despite Q2 GDP shock, recommend THESE key sectors and stocks to buy

Live Mint  

India's gross domestic product figures for the July-September quarter of the current financial year shocked many. Private consumption grew at an impressive 6 per cent, significantly higher than both the overall GDP growth rate and the 2.6 per cent recorded in Q2 FY24. Market ignores GDP shock The Indian stock market saw some selling pressure in the morning trade, but …

Stocks Market Financial Financial Services Indian Companies Stock
5.4%: Q2 GDP growth slowest in seven quarters
1 month, 1 week ago

5.4%: Q2 GDP growth slowest in seven quarters

Hindustan Times  

India’s economy expanded at a lower-than-expected 5.4% in the three months ended September, with sluggish growth in manufacturing and private consumption, a reflection of weak demand because of high borrowing costs, inflation and weak real wage growth. The headline GDP growth number is 1.3 percentage points lower than the June quarter print and the lowest in seven quarters, since the …

India Inflation Manufacturing Consumption Sector Private Kumar
Q2 GDP growth falls to 5.4 per cent, lowest in seven quarters
1 month, 1 week ago

Q2 GDP growth falls to 5.4 per cent, lowest in seven quarters

New Indian Express  

The second quarter GDP numbers sprang a negative surprise with real GDP registering a 5.4 per cent growth against 6.7 per cent in the first quarter due to sluggish manufacturing and private consumption. Private final consumption grew at 6 per cent during the quarter, lower than the 7.4 per cent growth recorded during the first quarter. The consumption slowdown was …

Growth Consumption Cent Quarter Gdp Grew Private Consumption
Vivek Kaul: Why the stockmarket wallahs are suddenly worried about the economy
2 months ago

Vivek Kaul: Why the stockmarket wallahs are suddenly worried about the economy

Live Mint  

The Indian economy has had a consumption problem for a while now. In the limited experience of the OPM wallahs, the Indian economy was doing well because the companies listed on the stock exchanges were doing well. Let’s now take a look at the growth in GST collections—a favourite among the OPM wallahs when they wanted to tell us that …

Economy Growth Indian Companies Sales Stock Helped
GDP: How consumers saved the day as government spending slowed during polls
4 months, 1 week ago

GDP: How consumers saved the day as government spending slowed during polls

Live Mint  

The Indian economy grew 6.65% in the first quarter of the current financial year, a notable slowdown from the 7.76% recorded in the previous quarter. For much of last year, even as GDP growth kept breaching the 8% mark, private consumption lagged at the halfway mark, raising concerns about the robustness of the growth momentum. In the June-ended quarter, however, …

India Consumption Exports Quarter Private Gdp Expenditure
India's Q1 GDP: Private consumption lifts mood
4 months, 1 week ago

India's Q1 GDP: Private consumption lifts mood

New Indian Express  

NEW DELHI: The GDP growth slumped to a 15-month low with 6.8% real rate of growth in the first quarter of 2024-25. As per Gaura Sen Gupta, economist, India First Bank, the growth is likely led by rural demand with improvement in labour market conditions. High frequency indicators for urban demand like FMCG sales volume and passenger vehicle sales growth …

India Growth Sales Consumption Demand Private Private Consumption
GDP growth maintaining pace seen in Q4, says RBI bulletin
6 months, 3 weeks ago

GDP growth maintaining pace seen in Q4, says RBI bulletin

Live Mint  

Mumbai: The Indian economy is likely to sustain the growth momentum of the January-March quarter in the three months through June as private consumption grows and manufacturing and services pick up pace, Reserve Bank of India officials said. “More recent indicators suggest that private consumption is resuming its role as the main driver of demand and is getting broad-based to …

Growth Consumption Rbi Gva Article Gdp Mpc
Modest rebound: On IIP data
7 months, 4 weeks ago

Modest rebound: On IIP data

The Hindu  

India’s factory output growth slowed to 4.9% in March from a downgraded 5.6% uptick in February, despite benevolent base effects from the previous year when the Index of Industrial Production had shrunk 1.9%. Production growth was strongest for capital goods as well as infrastructure and construction goods for the second straight year — not surprising given the ramp up in …

Growth Private Consumption
Why have private investments dropped? | Explained
8 months, 3 weeks ago

Why have private investments dropped? | Explained

The Hindu  

April 18, 2024 10:46 pm | Updated April 19, 2024 11:51 am IST The story so far: The failure of private investment, as measured by private Gross Fixed Capital Formation as a percentage of gross domestic product at current prices, to pick up pace has been one of the major issues plaguing the Indian economy. It, however, began to drop …

India Investment Economic Consumption Private Low Gdp
Revenge-spending Indians drank and dined after being cooped up in covid years
10 months, 1 week ago

Revenge-spending Indians drank and dined after being cooped up in covid years

Live Mint  

NEW DELHI : Indians spent liberally on dining at hotels and restaurants and on alcohol in 2022-23 while going easy on clothing, food and non-alcoholic beverages, clearly marking out their preferences emerging from two years of pandemic lockdowns. Growth in private final consumption expenditure on food and non-alcoholic beverages slowed to 6.2% in FY23 from 6.6% in the year before, …

Household Consumption Private Expenditure Beverages Private Consumption Fy23
Japan slips into recession, allowing Germany to overtake as world’s third-largest economy
10 months, 4 weeks ago

Japan slips into recession, allowing Germany to overtake as world’s third-largest economy

CNN  

Hong Kong/Tokyo CNN — Japan’s economy has contracted unexpectedly because of weak domestic consumption, pushing the country into recession and causing it to lose its position as the world’s third largest economy to Germany. What’s more, the Bank of Japan’s Tankan survey showed that business conditions across all industries and firm sizes were the strongest they’ve been since the fourth …

Economy Japan Market Germany Consumption Cnn Quarter
Is economy in a feel-good psychedelic state in India?
11 months, 2 weeks ago

Is economy in a feel-good psychedelic state in India?

Deccan Chronicle  

After the Ayodhya high with the Ram Madir consecration ceremony, and the Narendra Modi government’s estimated growth for 2023-24 pegged at 7.3 per cent, which is higher than the 7.2 per cent of 2022-23, the declared aim of the Prime Minister that India will become the world’s third largest economy after the United States and China, and finance minister Nirmala …

India Economy World Indian Consumption Minister Cent
Growth in India is expected to slow to 6.3% in FY2023: World Bank
1 year, 7 months ago

Growth in India is expected to slow to 6.3% in FY2023: World Bank

The Hindu  

Growth in India is expected to slow to 6.3 % in FY 2023/24, a 0.3 percentage point downward revision from January, the World Bank said Tuesday but noted there is an unexpected resilience in private consumption and investment and robust growth in the services. “Growth in India is expected to slow further to 6.3 % in FY 2023/24, a 0.3 …

India Growth World Bank World Bank Consumption 2023
Beating estimates, India’s GDP expands 7.2% in FY23
1 year, 7 months ago

Beating estimates, India’s GDP expands 7.2% in FY23

Live Mint  

India’s economy grew at 7.2% in FY23, beating the 7% official forecast, driven by robust expansion in agriculture, construction, and services sectors and a rebound in manufacturing in the March quarter, data released by the National Statistical Office on Wednesday showed. Farm sector output expanded at a robust 5.5% adjusted for inflation, while the manufacturing sector rebounded from two consecutive …

India Growth Consumption Demand Sector Quarter Private
Indian economy to grow 6-6.8% next fiscal year: Eco Survey
1 year, 11 months ago

Indian economy to grow 6-6.8% next fiscal year: Eco Survey

Deccan Chronicle  

NEW DELHI: India's economy is projected to slow to 6-6.8 per cent in the fiscal year starting April - still remaining the fastest growing major economy in the world - as extraordinary challenges facing the globe will likely hurt exports, the Economic Survey said on Tuesday. The projection of India's gross domestic product growth is higher than the 6.1 per …

Global India Economy Growth Indian Survey Cent
Economic Survey: GDP to grow at 6.5% in 2023-24 compared to 7% this fiscal
1 year, 11 months ago

Economic Survey: GDP to grow at 6.5% in 2023-24 compared to 7% this fiscal

Hindustan Times  

Union finance minister Nirmala Sitharaman on Tuesday tabled the economic survey 2022-23 in Parliament. The economic survey forecast India's economy to grow at 6.5 per cent in 2023-24, compared to 7 per cent this fiscal and 8.7 per cent in 2021-22. The economic survey forecast its economy will grow 6 per cent to 6.8 per cent in the next financial …

India Economy Growth Economic Survey Cent Cad
Economic Survey: GDP to grow at 6.5% in 2023-24 compared to 7% this fiscal
1 year, 11 months ago

Economic Survey: GDP to grow at 6.5% in 2023-24 compared to 7% this fiscal

Hindustan Times  

Union finance minister Nirmala Sitharaman on Tuesday tabled the economic survey 2022-23 in Parliament. The economic survey forecast India's economy to grow at 6.5 per cent in 2023-24, compared to 7 per cent this fiscal and 8.7 per cent in 2021-22. The economic survey forecast its economy will grow 6 per cent to 6.8 per cent in the next financial …

India Economy Growth Economic Survey Cent Cad
India’s economic growth ’extremely fragile’, needs all support: RBI MPC member
2 years ago

India’s economic growth ’extremely fragile’, needs all support: RBI MPC member

Live Mint  

India's economic growth is now 'extremely fragile' and needs all the support that it can get, as private consumption and capital investment are yet to pick up, said RBI Monetary Policy Committee member Jayanth R Varma on Friday. He said that exports and government spending supported the Indian economy through the pandemic, and now other engines of growth, i.e, private …

India Growth Inflation Monetary Policy Economic Growth Indian Pti
Indian economic growth 'extremely fragile', needs all support: RBI Monetary Policy Committee member Jayanth Varma
2 years ago

Indian economic growth 'extremely fragile', needs all support: RBI Monetary Policy Committee member Jayanth Varma

The Hindu  

India's economic growth is now 'extremely fragile' and needs all the support that it can get, as private consumption and capital investment are yet to pick up, RBI Monetary Policy Committee member Jayanth R Varma said on December 23. Mr. Varma further said out of the four engines of growth for the economy, exports and government spending supported the Indian …

Global India Policy Growth Inflation Monetary Policy Economic Growth
The world is looking at India as a destination for investment: Gita Gopinath
2 years ago

The world is looking at India as a destination for investment: Gita Gopinath

Live Mint  

While the IMF has forecast a lower growth rate for the global economy in 2023 compared with this fiscal, a positive trend for India is that countries that are looking to diversify their supply chains are looking at India as an option, said International Monetary Fund’s First Deputy Managing Director Gita Gopinath in an interview with Mint. In a wide-ranging …

Global India Growth China World Financial Investment
China’s COVID cases to smash records as video shows workers rebel
2 years, 1 month ago

China’s COVID cases to smash records as video shows workers rebel

Al Jazeera  

Chinese authorities are introducing new restrictions across the country as infections look set to pass April’s peak. The restrictions are a new blow to China’s sputtering economic recovery and pour cold water on expectations of a shift away from “zero COVID” after the announcement of separate plans to ease restrictions and revive the ailing real estate sector briefly generated positive …

Growth China Shanghai Beijing Covid Zhengzhou Foxconn