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India's consumption, GDP growth to get boost from 'La Nina'

India's consumption, GDP growth to get boost from 'La Nina'

The probability is improving for a La Nina event leading to a good monsoon in India which could provide a major boost to consumption, investment and GDP growth, says a Deutsche Bank report.

 

Rate cuts, lower oil prices to boost consumption: BofA

Bank of America Merill Lynch Monday said it sees a recovery in consumption equivalent to 1 percentage point of India's GDP in the next few months on lending rate cuts, expected hike in salaries by government and savings from lower oil prices.

High rice prices lead to reduced consumption: Survey

Rising prices of rice in the open market prompted households to reduce consumption and rely on ration shops to buy it at controlled rate, shows a government survey.