Private consumption driving growth in Q3 with rural India taking lead: RBI ...Middle East

Mumbai: The slack in speed observed in the Indian economy during the second quarter of 2024-25 is behind us as private consumption is back to being the driver of domestic demand with festival spending lighting up real activity in Q3, according to the RBI’s monthly bulletin for November. The report points out that rural India is emerging as a gold mine for e-commerce companies in this festival season; this is expected to gather further momentum with the sharp increase in kharif output and optimism around rabi production emboldening a record foodgrains target for 2024-25. It also states that FMCG and auto companies have been stepping up ad spends to revive demand. Direct-to-consumer (D2C) bra

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Private consumption driving growth in Q3 with rural India taking lead: RBI ...Middle East

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