India’s post-pandemic revenge spending is running out of steam
- Posted on September 16, 2024
- By Business News Today
- 3 Views
India’s post-pandemic revenge spending is running out of steam
Urban consumers in India are cutting back on spending as the festive shopping season begins, impacting car sales, air travel, and packaged food. Meanwhile, rural spending is rebounding due to good monsoon rains and better harvest prospects. This divergence complicates the economic outlook for India's growth.
