Lt Governor addresses âEducation to Entrepreneurshipâ conference at SKICC
Lt Governor addresses âEducation to Entrepreneurshipâ conference at SKICC
J&K Government working on robust, efficient digital network infra in hinterland to provide transparent financial services to people: LG
Our aim is to bridge Rural-Urban gap; make credit accessible to those interested in starting their own business ventures, says the LG
Government to train 5000 young professionals in financial services sector this year
SRINAGAR: J&K Government is working on robust and efficient digital network infrastructure in the hinterland to provide transparent financial services to the people. Our aim is to bridge the gap between Rural & Urban pockets of J&K, and ensure that easy credit is accessible to all those interested in starting their own business ventures.
India′s Mumbai COVID lockdown threatens more economic pain | Asia| An in-depth look at news from across the continent | DW dw.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dw.com Daily Mail and Mail on Sunday newspapers.
Higher income households to drive revival in consumer spending, says CMIE
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Data shows consumer sentiments in March 2021 were down by 46.8% compared to the average in 2019-20,. However, the consumer sentiments of households with annual incomes of less than Rs 400,000 was about 43% than the index in 2019-20 while the consumer sentiments of households with incomes between Rs 400,000 and Rs1,000,000 was about 55% lower than in 2019-20.
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“India’s revival in consumer spending is likely to be driven by households that earn more than a million rupees a year when the lockdown is lifted,” CMIE said in its weekly analysis.
Household savings, consumer sentiment to drive economic recovery post pandemic: CMIE
Citing data from RBI, CMIE said household financial savings in India shot up to 21 per cent of GDP in the first quarter of fiscal year 2020-21 after averaging 7.2 per cent in 2018-19.
BusinessToday.In | April 6, 2021 | Updated 15:30 IST
Consumer sentiments will also play an important role in recovery from COVID-19 pandemic, CMIE said.
The coronavirus pandemic and the subsequent lockdown to curb the spread of infections hit consumer sentiment in India and led to an increase in household savings, and these two factors will drive the economic recovery after the pandemic, think tank CMIE has said.