The report notes the growth in consumer spending in 2024 is expected to come as the wider Indian economy recovers and growth figures return to a more stable medium-term trajectory.
"The domestic economy will grow by a real rate of 6.7 per cent in 2024, an improvement from the 6.5 per cent in 2023. Although inflationary pressures have remained elevated, inflation is moderating and strong showings in real income growth for Indian consumers will give greater propensity for household spending growth," it said.
Bu hikaye Business Standard dergisinin March 08, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin March 08, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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