Consumption

Reducing household food wastage can help reduce wastage created by global food chains

The government’s latest measures are aimed at boosting consumer spendingThe general spending preferences due to the pandemic could limit overall demand

With government opening up various sectors under Unlock 4, brands across categories are looking to advertise during the upcoming festive season and Indian Premier League to boost consumer demand

Automobile, metal and mining, construction materials, oil, gas & consumable fuels companies may suffer steep fall in earnings while domestic discretionary consumption sectors are expected to be laggards

While India has been unlocking its economy, its schools and colleges remain shut and several offices continue to work under restrictions or have employees working from home

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

Going forward, businesses fear a drop in consumption, especially discretionary spend, as rising unemployment in the country will hit disposable income and in turn demand

Boosting the realty sector will generate benefits in both spending and jobs

The fall in GDP growth to 5% comes in the backdrop of declining private consumption, weak investments and crises in the financial sector. Given the slowdown the Indian economy is reeling under, Dharmakirti Joshi – Chief Economist at CRISIL Ltd, discusses the influences at play, factors that need to turn favourable and whether there is light at the end of the tunnel.

Front-loading of the Centre’s spending may not be enough to revive rural demand