India needs consumers, but RBI survey shows it won't get them soon enough
Consumer confidence indices, an output of RBI survey of 5,300 households spread across 13 cities, fell to a historic low in May. The future expectations index dropped to 97.9 in May from 115.2 in March
MUMBAI: As the covid-19 pandemic continues to spread, India’s economy has lost its main engine of growth: consumption.
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