Steady domestic consumption is expected to provide a strong boost to demand during the upcoming festive season, according to a report by Bank of Baroda.
Chief Economic Adviser V Anantha Nageswaran on Friday said India's domestic consumption growth can offset the US tariff-related losses, which is why the GDP estimates for the year 2025-26 haven't been revised downwards.
India is well-positioned to maintain its lead among fast-growing economies in FY2025-26, Deloitte asserted in a report, citing the country's resilient capital markets, strong domestic consumption, digitally skilled workforce, and increasing trade partnerships.
India's reliance on domestic consumption rather than exports is a key strength in navigating the recently imposed reciprocal tariff, said Madan Sabnavis, Chief Economist at Bank of Baroda.
India's goods trade deficit is projected to widen to USD 300 billion in FY26, up from USD 287 billion in FY25, as weak global demand weighs on exports while resilient domestic consumption is expected to fuel higher imports, as anticipated by ICICI Securities in its latest report.
The South Korean government announced it will begin distributing cash handouts to all citizens from July 21, as part of a major effort to revitalise domestic consumption amid global economic uncertainties, the Korea Herald reported.
The robust GDP numbers of the Indian economy in the fourth quarter of the fiscal year 2025 are because of good domestic consumption, government investment, and relatively lower dependence on exports, say experts reacting to the numbers.
The Indian economy continues to demonstrate resilience amid volatility in global markets, the RBI said in its monthly report on Wednesday. It pointed to the robust performance of the agriculture sector and improving domestic consumption.
As the Budget session of Parliament begins, Congress leader Udit Raj criticized the economic situation, citing a decline in manufacturing, GDP, and domestic consumption, while taxes continue to rise.
Pune (Maharashtra) [India], November 21: India is experiencing a major shift in its economic landscape, with rising household incomes fuelling an unprecedented boom in domestic consumption. This change is not only happening in cities but also in rural areas, creating new opportunities for bu
The Index of Industrial Production (IIP) increased by 5.9 per cent year-on-year in May, up from 5.0 per cent in April, reflecting a healthy surge in industrial activity.