As usual, Vivek Kaul covers all nuances. He argues that the current rally and GDP growth is attributed to the affluent consumers (<6Cr) whereas the broader economy is still struggling. If in case there is a demand shock, it will lead to a slowdown and inflation.
Insightful article
But Indian 1 is spending more than it did before
That be true for every country or no? Brazil 1, Russia 1, China 1, US 1. Even recession ones like Japan 1 etc. If we choose to focus on top 1% households in any country, their spending is higher since pandemic.
Can’t read it premium required any alternative way to go through this?
Let's understand it with an example. In a nation 1 billion only 150 million could afford luxury like Cars, Ac, gadgets etc for discretionary spending from disposable income. The rest of the people at the populace do not have significant ...
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