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Festive Season Boosts India’s Consumption Recovery Prospects

Why in the news? India’s private consumption shows signs of recovery, with increased spending expected during the festive season. However, long-term trends in key indicators remain below five-year averages. Overview of Consumption Patterns: Recent Trends: Private final consumption expenditure (PFCE) showed a significant turnaround in April-June 2024, growing by 12.4% in nominal terms, positively impacting …