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Viesearch·
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@quantecoeditor·
India Growth: The consumption snag
Our expectation of consumption recovery looking more tempered now than in FY21, is based on three conditions 1) Forced or involuntary savings getting replaced by precautionary savings 2) Exhaustion of some part of pent-up demand last year and 3) Rural demand losing its vigour amidst proliferation of the virus in rural centres.