India’s consumption recovery remains patchy despite gains in credit, payments and vehicle sales
DSP Mutual Fund flags a mixed consumer-demand picture: retail payments, personal loans and vehicle sales rose strongly in June, but housing-loan growth slowed and inflation accelerated, potentially limiting broad-based discretionary spending.
DSP Mutual Fund says India’s consumption recovery remains patchy despite strong retail payments, consumer credit and vehicle sales. Low-base effects flatter growth, while moderating housing loans and higher inflation could constrain broad-based discretionary spending.