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Household consumption to surge in Q2 as headline inflation eases, rural demand revives
The Business Guardian
|September 21, 2024
Household consumption in India is set to experience accelerated growth in the second quarter of FY 2024-25, the Reserve Bank of India said in its September Bulletin released on Friday.
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The RBI cited the easing headline inflation and a significant revival in rural demand as factors behind the likely revival in household consumption.
The apex bank added that the decline in inflation, particularly in food and essential goods, is giving consumers more disposable income, which is boosting the overall spending power of the people.
Rural areas are witnessing a revival in demand, with increased purchases of fastmoving consumer goods (FMCG) such as healthy lifestyle products.
Dit verhaal komt uit de September 21, 2024-editie van The Business Guardian.
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