India’s weak household consumption will curb economic growth: Moody's
Image Credit: shortpedia
Moody’s Investors Service on Monday expressed its concern over the crippling state of Indian economy and its weak household consumption. "What was once an investment-led slowdown has now broadened into weakening consumption, driven by financial stress among rural households on the back of stagnating agricultural wage growth and constrained productivity," Deborah Tan, a Moody’s assistant vice president said.