Inflation, extreme weather events could spoil the party for India Inc in Bharat

However, inflation was high for most of FY2023. This means the earnings of low-income families —those in rural areas as well as minimum wage earners in urban areas — have broadly been stagnant. But a moderation in inflation, apart from factors such as increased government spend and a rise in incomes, is expected to aid consumer sentiment and, in turn, spending.

from Economy-News-Economic Times https://ift.tt/q9tryI5
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