Shumita Sharma Deveshwar

Director of India Research
+44 203 006 3102

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Recent India research

* India: Fiscal policy puts Modi at odds with RBI, Shumita Sharma Deveshwar, 12 Oct 2017
* India: Gujarat poll to test identity vs economics, Amitabh Dubey, 5 Oct 2017
* India In Charts: A disappointingly slow recovery ahead, Shumita Sharma Deveshwar, 21 Sep 2017
* India: RBI firm on inflation, despite growth risk, Shumita Sharma Deveshwar, 14 Sep 2017
* India: Modi risks losing control of jobs narrative, Amitabh Dubey, 8 Sep 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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