India's Consumption Boom and the Urgent Need to Rebuild Household Savings: Insights from Dr. Akshay Kulkarni
Published on: Nov. 14, 2025, 7:36 p.m. | Source: The Tribune
New Delhi [India], November 14: India stands at a defining economic moment. As the country advances toward becoming one of the world's largest consumption-driven economies, the patterns of household spending, saving, and investing are undergoing a major structural shift. Rising incomes, rapid urbanisation, and the aspirations of a young demographic are powering unprecedented consumption growth. Yet, beneath this confidence lies a critical challenge--the steady decline in India's household savings rate.
