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    HomeNewsOpinionChart of the Day: Is GDP data understating consumption growth?

    Chart of the Day: Is GDP data understating consumption growth?

    HSBC analysts argue that consumer imports have risen to higher than pre-pandemic levels, personal services and non-housing retail loans have surged. Simply put, Indians are demanding more goods that are being imported and also services and are willing to borrow to fulfil this demand.

    Moneycontrol Opinion
    March 22, 2024 / 08:00 IST
    Investment and consumption diverge
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