India’s consumption story has now gone in reverse swing, says Congress

India’s consumption story has now gone in reverse swing, says Congress

Congress has said stagnant wages, high inflation and growing economic inequality in the past 10 years have made India’s consumption story go in a reverse swing. Maintaining that this low consumption rate has made “a leading CEO” lament that the Indian middle class “is shrinking”, Congress warned that without adequate growth in consumption, India’s private … Read more