The study said there are clearly a host of structural factors that are holding back current consumption
"Consumers were dis-saving and consuming more than their income, helped by increasing access to the leverage. Such growth has its own limits," the fund house's chief investment officer told reporters
The second part of the series in which top economists and thinkers offer their views on how to revive the economy
But the gloom is in no way a reflection of the number of the wealthy. Listen to this podcast for more
Amid increasingly vocal concerns over an economic slowdown, PM Modi sought to ease fears and reassure India Inc and the world about India's growth story in an interview with a financial daily
From SoftBank eyeing stake in Airtel's telecom biz and other assets to Anil Agarwal's expression of interest to revive Jet Airways, here are the top 10 business headlines for Monday
Slowdown overwhelms high-end auto, watches, apparel and most of real estate segments
Thai Airways's total expenses dropped 0.8 per cent to 49.6 billion baht on lower fuel prices
With a slew of industries in the grip of a prolonged slump, a package of measures that will boost demand without burdening the exchequer is imperative
The govt might look for quick fixes under pressure to revive the economy, but sustainable economic growth will continue to be elusive without structural changes, writes T N Ninan
FM Nirmala Sitharaman is holding daily meetings with industry in the backdrop of sluggish economic growth
While this is immediately clarifying for policymakers, a structural slowdown can be variously interpreted depending on one's analytical framework and understanding of the ground situation
Slowdown, volatile market loom over maiden offerings worth Rs 16,500 crore
Sitharaman will soon hold talks with representatives from various sectors
The Modi regime wants a bigger role for the government but it does not have the comfort of having enough financial resources
There is little hope that issues that affect the subjects will reach the rulers. Clearly, practical people should not expect the government to do anything other than minor tinkering
Jalan further said the government has already announced many reforms, and it is now a question of implementation, particularly in terms of investment
Passenger vehicle sales fell for eight straight months until June, and in May sales dropped 20.55% - the sharpest recorded fall in 18 years
The euphoria, which started with the general election outcome giving a second consecutive term to the NDA, was short-lived, mainly due to the increase in surcharge on incomes of super-rich
Lack of demand due to illiquid market and weak consumption appetite led to steep fall in auto-sales