The report highlights that the growth in what households spend on goods and services is predicted to be quite small, only around 4-5 per cent more than the previous year. This is way less compared to the strong 6.5-7 per cent increase we saw each year from 2011 to 2020.
Singapore, Aug 28 (ANI): Fitch Solutions has forecast real household spending in India to post a growth of 8.9 per cent year-on-year in 2021 following a contraction of 9.3 per cent in household spending estimated over 2020.
Singapore, June 8 (ANI): Fitch Solutions on Tuesday held an optimistic outlook for the Indian consumer over 2021 with real growth in household spending forecast at 9.1 per cent year-on-year.
Melbourne [Australia], April 22 (ANI): Credit conditions have improved for Asia Pacific banks over the past quarter but the pandemic has set back finances of households and corporates with deeply negative effects on lenders, S&P Global Ratings said on Thursday.
Singapore, Mar 4 (ANI): Household spending in India is likely to grow by a real rate of 7.9 per cent year-on-year in 2021, marking an improvement from the negative 14 per cent contraction in 2020, Fitch Solutions said on Thursday.