Shumita Sharma Deveshwar

Director of India Research
+44 203 006 3102

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Recent India research

* India: On the road - Modi likely to win tough poll, Amitabh Dubey, Shumita Sharma Deveshwar, 11 Dec 2017
* India In charts: No easy fix for the economy as polls approach, Shumita Sharma Deveshwar, 30 Nov 2017
* India: New Congress takes the fight to the BJP, Amitabh Dubey, Shumita Sharma Deveshwar, 27 Nov 2017
* India: State banks still stand on shaky ground, Shumita Sharma Deveshwar, 9 Nov 2017
* India: On the road in Uttar Pradesh: GST woes hurt Modi’s popularity in busy poll season, Shumita Sharma Deveshwar, Amitabh Dubey, 26 Oct 2017

See all our India research >>

The economy’s consumer parachute

Overview

As India’s investment-led economic boom slows in the face of the global liquidity crunch, relatively stable domestic consumption will help to cushion the decline in overall GDP growth. The foundations for continued consumption growth are in place: a billion-plus population, with the bulk of it entering the working age group, and a significant fiscal stimulus this year in the form of subsidies, a farm loan waiver and salary increases for government employees. More such steps are in...

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