Private consumption picks up by 12.4 pc in India as discretionary spend rises
Even in real terms, private consumption has grown by 7.4 per cent, outpacing GDP growth, according to the Bank of Baroda (BoB) report.
Even in real terms, private consumption has grown by 7.4 per cent, outpacing GDP growth, according to the Bank of Baroda (BoB) report.
The Prime Minister said that with steps like connecting six hundred thousand villages with broadband investment in developing capabilities in 5G, IoT, and clean energy technologies, India is paving the way to lead the next technology revolution.
Abhijit Banerjee, during an address at the Kolkata Literary Meet, also said the priority of the government should be on refinancing the banking sector, which is in 'doldrums'.
In India, economic activity slowed substantially in 2019, with the deceleration most pronounced in the manufacturing and agriculture sectors.
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