Festival season to bring some cheer to economy, say economists: Reuters poll
BENGALURU, Oct 26 (Reuters) – Indian consumer spending during this year’s festival season will be slightly better than in 2022, said economists polled by Reuters, but probably not enough to ramp up the speed of what is already the world’s fastest-growing major economy. The broadly optimistic survey data, taken together with expectations for 6.3% growth this fiscal year and next, suggest even with a dip in inflation, prospects for a Reserve Bank of India interest rate cut are still a long way off. Battered during the pandemic, consumption, which makes up for about 60% of Asia’s third-largest economy has been