India’s consumption outlook brightens as reforms, rural demand set stage for Q3 revival: BoB Report

India’s consumption demand is set for a strong rebound in the next quarter. Rural recovery and tax reforms in urban areas will drive this growth. Deferred demand from the previous quarter will also contribute. Favourable monsoon and festive season tailwinds are expected to boost sales across sectors. This indicates a broad-based consumption rebound and reinforces confidence in India’s growth momentum.

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