There are three main factors that have affected the Indian economy in the last one year: declining growth in private consumption, lower private investments and soft export markets. On the political front, there is a belief that there is tremendous stability due to the clear majority the current government enjoys in parliament. The ruling party’s vision of a $5 trillion dollar economy by 2024 sets the tone for hope and recovery. As policy makers work towards increasing lending and spurring growth, economists bet on increasing urbanization, the rising middle class and consumer spending for a higher GDP.
This custom report has been commissioned by The Economic Times India Leadership Council and has been put together by Nielsen through the collation and comprehension of publicly available information.