Indian government needs to restore consumer confidence

Filed on November 16, 2019 | Last updated on November 16, 2019 at 07.53 pm

The Indian economy is in a state of free fall. A survey by the National Statistical Office (NSO), reports that consumer spending has fallen after four decades. The report is alarming since rural demand has declined by 8.8 per cent. Rural demand for rudimentary items like salt, sugar and spices has declined by 16.6 per cent. It shows villagers are eating less, since salt and sugar are a barometer to the quantum of meals prepared in a household. The telecom sector has been hit, and could lead to massive job losses. The banking sector has already been a bit shaky.

The Indian government needs to restore consumer confidence in the economy, and fast.

-Rajendra Aneja, India

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