Indian consumer spending falls first time in four decades

Each person surveyed spent an average 1,446 rupees in FY18, 3.7% lower than the 1,501 rupees in FY12: report

For representational purposes (File Photo | Reuters) 

Consumer spending in India fell in the year through March 2018 for the first time in at least four decades, Business Standard reports citing an unreleased government report.

• Each person surveyed spent an average 1,446 rupees in FY18, 3.7% lower than the 1,501 rupees in FY12: report

• The govt report, which was approved for release by a committee in June, has been withheld by the statistical office due to “adverse” findings, the newspaper reports citing sources it doesn’t identify