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Indian households switch from ‘essentials only’ to ‘discretionary’ spending: RBI study

Updated : March 20, 2021 03:34:05 IST

A study by RBI noted a reduced pace of contraction in private consumption to 11.3 percent in the quarter ending September 2020, compared with the 26.3 percent contraction in the June 2020 quarter
A further boost to consumption could be provided by the optimism on account of mass vaccination, RBI said
Indian households switch from ‘essentials only’ to ‘discretionary’ spending: RBI study
Published : March 20, 2021 03:24 PM IST

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