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Since the growth has slowed, it is likely that Indian consumers, especially in rural areas, may have had no choice but to cut consumption further

Rajesh Kumar 

As reported by Business Standard on Friday, according to the latest consumption expenditure survey of the National Statistical Office, weakening rural demand drove consumer spending down for the first time in over four decades in 2017-18. This again shows that problems in the Indian economy are much deeper than what the headline numbers are suggesting.

Since the growth has slowed, it is likely that Indian consumers, especially in rural areas, may have had no choice but to cut consumption further. This should worry policymakers. Here’s a collection of Business Standard Opinion pieces ...

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First Published: Sat, November 16 2019. 08:02 IST
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