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India's consumption forecast to grow 6.2%, driven by lower taxes, rates, and good agriculture.
A new report predicts that India's consumption will grow by 6.2% in the upcoming fiscal year, supported by lower taxes, reduced interest rates, and favorable agricultural output.
This growth is crucial as household spending makes up about 60% of India's GDP.
A good monsoon could further boost rural consumption, though rising household debt is a concern that needs monitoring.
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Se pronostica que el consumo de la India crecerá un 6,2%, impulsado por impuestos y tasas más bajas y una buena agricultura.