The share of restaurants and hotels in total consumption spending rose to its highest level in over a decade at 2.3 percent in FY24 compared with 2.1 percent in the previous fiscal
The Private Final Consumption Expenditure (PFCE) saw a growth rate of 6% and 6.7% respectively in Q2 and H1FY25 compared to last year.
The national accounts data show that the per capita income at current prices, also known as per capita net national income (NNI), for 2020-21 at Rs 1,28,829 was just a shade above the levels estimated for 2018-19.
India‘s factory output contracted 0.4 percent in December amid signs of faltering industrial activity because of demonetisation.
Growth of real or inflation-adjusted gross domestic product (GDP) — the value of all goods and services produced in the country — moderated from 7.6 percent in July-September 2015, national income data released on Wednesday showed.
The moderation in urban spending may be reflected in the performance of predominantly urban consumption dependent sectors such as quick service restaurants (QSR) and retail. Passenger vehicle (PV) sales also have substantial dependence on urban spending, says India Ratings.
CRISIL Research, India's largest independent and integrated research house, believes that India Inc.'s revenue growth (excluding banks and oil & gas companies) will decelerate to 6-7 per cent in January-March 2013 (Q4 FY13) from 17.5 per cent in Q4 FY12 on the back of waning demand.
Angel Broking has come out with its report on 1QFY2013 GDP growth. The research firm says we expect growth for FY2013 to range between 5.5%-6%, below the economy‘s potential growth rate.