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Corporate investments look up, but they too highlight weak consumer demand
['Udit Misra', 'Udit Misra Is Senior Associate Editor At The Indian Express. Misra...', 'Read More', 'Var Template_Content', 'Sso_Login_Box', 'Xwelcome Backorenter The Email Address Or Mobile Number Associated With Your Account To Sign In. Show Passwordsign Innew To The Indian Express Signupxcreate Your Account It Is Quick', 'Easy.Or Show Passwordnextvalidate Otpregisteralready Have An Account', 'Signin', 'Sso_Social_Box', 'Sign In Withgmailfacebookapple']
The Indian Express
This suggested a lingering weakness of consumer demand in the Indian economy.
Consumer goods segment lags“The overall announcements for consumer goods including automobiles was less than Rs 2000 crore with a share of 0.7%.
Owing to weak consumer demand, fresh investments are not forthcoming.
Implication and outlookContinued weakness in consumer demand is never a good sign for future economic growth.
Not only does it drag down growth by itself, but it also weakens the other major contributor to GDP growth: investments by companies.