Dipak Mondal ByExpress News ServiceNEW DELHI: Responding to the growing concern over sluggish consumption growth in the economy, Sanjeev Sanyal, member, Economic Advisory Council of the Prime Minister (EAC-PM), said in a high sustained growth economy both consumption and investments can’t rise together. Sanyal said a sustained high GDP growth is always investment-led and not consumption-led. “So, sustained growth is always about investments outpacing consumption because it means that your savings rate is also increasing,” said Sanyal. Follow The New Indian Express channel on WhatsAppNEW DELHI: Responding to the growing concern over sluggish consumption growth in the economy, Sanjeev Sanyal, member, Economic Advisory Council of the Prime Minister (EAC-PM), said in a high sustained growth economy both consumption and investments can’t rise together. Sanyal said a sustained high GDP growth is always investment-led and not consumption-led.

Source: Indian Express December 14, 2023 19:02 UTC