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Indian consumers offer a ray of hope after glum eco data

The economic data, released on Monday, showed a weakening services sector, consistent with a pattern of subdued consumption over the past two years, but some leading indicators have already begun to tell a different story.

September 01, 2015 / 12:36 IST
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The rescue of India's economy may come down to the spending power of people like 26-year-old Avni Rambhiya.

A financial analyst, she recently received a pay rise, is eating out more often and has stopped bringing home-cooked meals to the office in a tiffin, the traditional Indian lunchbox.

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"Our salary increases have been on an average 10 to 12 percent...," the 26-year-old said. "I am left with some additional money in my hand even after saving, so I spend it in eating out more frequently, travelling, buying dresses."

"Now four days a week I eat out either by ordering food or go out for dinner with friends. Even six months back I used to carry a tiffin to the office and eat out once in a quarter."