An Exclusive Report by Nielsen ResearchThe report covers three main factors that have affected the Indian economy in the last 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.
Report includes –
Automobiles, cement and transport sectors indicate a continuing slowdown for the Indian economy. As per IMF even global growth will remain muted.
GEOPOLITICAL RISK AND TRADE PROTECTIONISM
Tense US-China trade relations grouped with prolonged uncertainty on Brexit and civil unrest in Hong Kong paint a picture of subdued demand and muted global activity
The sector is rife with obstacles due to the NBFC and NPA crises, slow economic growth and a liquidity crunch. However, there are reasons to be hopeful.
60% of India’s GDP is driven by private consumption. By 2030, a large section of our consuming class will be in the upper-middle class, making India the most exciting market in the world.
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