A sharp rebound in consumer spending and rising employment will sustain economic growth in India in the months ahead, the government said in its monthly economic review for August published on Saturday.
It said an increase in private consumption and higher capacity utilisation rates had helped private-sector capital expenditure reach one of its highest levels in the last decade.
Business investment has been encouraged by government spending which climbed by 35% in April-August compared to the same period a year ago, the report said, adding that tax revenue growth for the government had been buoyant.
.png?w=600)
