
UPSC Economy UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC™
January 21, 2025 at 03:19 PM
📌 To Fix Economy, Boost Consumption
📍 What’s the News?
RBI officials stress boosting consumption to revive economic growth, with private capex still sluggish and government spending reduced.
📌 Key Highlights
âś… Middle-Class Relief: Addressing food inflation and improving disposable incomes are critical to driving demand.
âś… Sticky Inflation: High food prices and their ripple effects need close monitoring.
âś… Bright Spot: Private consumption, led by e-commerce, offers hope despite global uncertainties.
📍 Way Forward
Reviving demand and addressing inflation are vital to ensure economic recovery.
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