As India’s consumption landscape evolves, we must strengthen our economic recovery
Income distribution has evolved over time, with the bottom 60% of India’s population witnessing an increase in their income share from 27% in 2004-05 to 32% in 2015-16, signalling better economic inclusion. However, this progress was disrupted during the pandemic, with their share dropping to 23% in 2020-21 before recovering to 31% in 2022-23. The…