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Can consumption alone drive GDP growth?

Q1 growth in the current fiscal was driven largely by an 18% rise govt consumption, a pace that may not be achieved on a sustained basis

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Gdp Growth

Ishan Bakshi  |  New Delhi 



Image via Shutterstock
Image via Shutterstock

The June quarter’s data for gross domestic product (GDP) numbers confirm the widely held view that despite several government initiatives to push the investment cycle, a broadbased pick up in investment activity is not in sight. With government consumption expenditure likely to moderate in the coming quarters, it raises a question as to whether household consumption alone can shoulder the burden of driving growth.

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First Published: Tue, September 06 2016. 00:20 IST

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