Consumption In India: Two steps forward and one step backward

Lower-income groups tend to have a high propensity to consume, while higher-income groups are more likely to save or invest in assets. This means a rise in income among lower income groups has a higher chance of boosting consumption in the economy than the increase in income for higher income groups

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​ Lower-income groups tend to have a high propensity to consume, while higher-income groups are more likely to save or invest in assets. This means a rise in income among lower income groups has a higher chance of boosting consumption in the economy than the increase in income for higher income groups Lower-income groups tend to have a high propensity to consume, while higher-income groups are more likely to save or invest in assets. This means a rise in income among lower income groups has a higher chance of boosting consumption in the economy than the increase in income for higher income groups  Moneycontrol Latest News Read More