Discretionary categories continue to see moderating growth, Says Report
The growth primarily stems from jewellery (gold price-led) and new-age businesses (customer acquisition push). In other sectors, demand continues to remain subdued
The growth primarily stems from jewellery (gold price-led) and new-age businesses (customer acquisition push). In other sectors, demand continues to remain subdued
The report notes that these reforms may directly alter demand equations for autos, staples, durables, cement, financials, and consumer services
Potential income stimulus over the next few years has been identified as one of the key growth drivers, the report mentions
The report states that key indicators like healthy reservoir levels and states introducing welfare schemes for women to aid consumption are expected to support the recovery