Economists discussing the IMF's regional economic outlook for Asia have identified private sector expenditure and consumption as major obstacles to global growth. They attribute this slowdown to increased global uncertainty and high interest rates. While many countries are focusing on short-term policies, longer-term reforms are needed to boost economies in the region. Private investments in India have not rebounded to pre-pandemic levels, with a lack of job creation and limited investments in infrastructure and consumer sectors. Consumption recovery in India is also uneven, with premium products selling well but rural demand showing negative growth.
- News Source Indiatimes (Click to view full news): CLICK HERE
0 Comments:
Leave a Reply