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Podcast: businessline's State of the Economy Podcast
Episode: Theme: Macroeconomy | Is India’s consumption growth back on track?
Description: In this episode of State of Economy podcast, Shishir Sinha speaks with DK Srivastava, Chief Policy Advisor at EY India, on the latest high-frequency economic indicators and their implications for India’s growth. They dive into the recently released GST collection numbers, which reveal a seasonal pattern of spikes, especially driven by rural demand. As Srivastava explains, “Subject to some adjustment or the seasonality pattern, consumption expenditure appears to be picking up on average and is being driven largely by rural demand.” He emphasizes that while consumption shows signs of recovery, it’s essential to consider the seasonal fluctuations when int...