Concerns about private consumption and agriculture sector

Private final consumption expenditure, which represents the money spent by individuals in the economy, has grown by 3.5% in the past year. However, this growth may be attributed to the rise of unsecured personal loans. With the Reserve Bank of India tightening regulations on these loans, there is a concern that consumption might decrease. Furthermore, the agriculture sector only contributed 1.2% to the GDP growth, possibly impacting rural income. Consumption drives 60% of GDP value, and if it slows down, it will hinder overall growth. While government spending on infrastructure can stimulate the economy, a long-term solution requires household and private sector spending. It remains essential to address hurdles and maintain momentum for India's economic growth.