View: First quarter GDP print tells the story of waning private consumption

​Of the numbers released on Tuesday, private consumption expenditure was conspicuous in its flaccidity – up 19.3% on-year, on a low base. Adjusting for that, and you get a decline of 8.9% on-quarter. Worse, at ~Rs 18 lakh crore, its level is ~12% lower versus the June 2019 quarter.

from Economy-News-Economic Times https://ift.tt/2WBHEfM