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“India and China are trying to wake up the purchase appetite for their middle class”

Source link : https://news7.asia/news/india-and-china-are-trying-to-wake-up-the-purchase-appetite-for-their-middle-class/

The Indian Minister of Finance, Nirmala Sitharaman, in New Delhi, on February 1, 2025. Altaf Hussain/Reuters has preserved British occupation the tradition of “red box”, this red case contenting the government’s budget and presented each year by the Chancellor of the Echiquier. Nirmala Sitharaman, the Minister of Finance of the Modi Government, exhibited the famous towel on Saturday, February 1 on the occasion of the presentation of the budget for the financial year 2025-2026. Innovation: this is no longer a heavy box of red leather, but a simple pocket for digital tablet. Reading India later, which recently humiliated its former colonizer in cricket, intends to show it also the way of modernism. Also to remember that the country is now the champion of growth in emerging countries. This is planned at 6.4 % for the current year. However, this budget bears the mark of a concern, that of a serious slowdown in this progress of the gross domestic product. Over the year 2023-2024, it was 8.2 %. Consumption runs out of steam in the face of pricing. It even slowed down 5.4 % between July and September 2024. After promoting infrastructure expenses, the government is therefore trying to awaken the appetite for the purchase of the Indians. You have 54.96% of this article to read. The rest is reserved for subscribers.

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Author : News7

Publish date : 2025-02-03 11:47:54

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