THE FIRST ADVANCE estimates of the National Statistics Office (NSO) have projected private final consumption expenditure (PFCE) to grow by 7.3% in FY25, but economists feel the number is "too optimistic", given subdued urban demand.
"The main indicators of the consumption so far indicate that (skewed nature of) the consumption growth is correcting somewhat with the pick-up in rural real wages. However, the slack in urban demand is persisting as indicated by commentaries from some FMCG companies and also the decline in imports to the tune of 1.3% in FY25," India Ratings and Research (Ind-Ra) noted in a report.
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Diese Geschichte stammt aus der January 08, 2025-Ausgabe von Financial Express Pune.
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