India Consumer & Retail Q1 2019
Private consumption in India will remain robust in 2019, driven by strong economic growth, uptick in consumer creditand election-related spending in the lead up to the 2019 election. We do however caution that inflation is picking up owing to fueland food price uptick while unemployment remains stubbornly high, which will continue to pose risks to consumer spending inIndia. Meanwhile, consumer confidence has also been waning with concerns about the economic health of the country and jobopportunities.
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