Livemint While India staged a double-digit rebound in household consumption in FY22 which is set to expand at over 7% this fiscal, experts point out that India’s consumption story has a weakness — rural folk tightening their belt in the face of inflation.  The silver lining is that the worst may be over, unless El Nino conditions disrupt the arrival of the rains and dampen a consumption revival, experts said. Gross domestic product...

-Livemint.com Most companies flagged a sluggish rural demand in the September quarter that impacted their quarterly volumes. However, most expect some form of recovery in demand in the second half of the financial year New Delhi: September quarter earnings of fast moving consumer goods companies helped zoomed in on the demand environment in rural markets that remains squeezed due to high inflation. Most companies flagged a sluggish rural demand in the September quarter...

-The Hindu The one lever that the government could have pulled as it watched private investment decline was to step up public investment In a meeting held with the country’s corporate leaders on September 15, Finance Minister Nirmala Sitharaman drew attention to an important aspect of the economy today. She rightly flagged concerns about sluggish corporate investment, despite the government’s business-friendly stance, including a reduction in the corporate tax. The reduction, effected...

-Scroll.in The government has projected 8.9% growth in 2021-’22, which is lower than the January estimates. India’s Gross Domestic Product grew by 5.4% in the October-December quarter and is likely to expand at 8.9% in 2021-’22 financial year, government data showed on Monday. During the second quarter (July-September) of the 2021-’22, the economy grew by 8.4%. In its first advance estimates released in January, the National Statistical Office had projected 9.2% growth for...

-TheWire.in How did the onset of the pandemic affect already-struggling budget management, how did the second wave affect the measures taken in Budget 2021-22 and what should we look for in the upcoming Budget? The latest estimates suggest that India’s economic output in 2021-22 is likely to, once again, reach the level it was at in 2019-20. If this happens, the pandemic would have delayed India’s journey to prosperity by two years....