India's consumer spending to return to growth in 2021: Fitch Solutions
- Fitch Solutions forecast a return to pre-COVID-19 levels only over the second half of 2021 and 2022
- Spending with other consumer categories is estimated to record significant contractions over 2020 as households cut spending on non-essential items
After a COVID-19 pandemic-led contraction in consumer spending in 2020, household spending will return to growth in 2021, expanding by as much as 6.6%, Fitch Solutions said on Monday.
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