23 Sep 2025 | 5 Mins Read
Indian consumption revival seen as key driver
Flipitmoney
Sajjid Chinoy, Chief India Economist at JP Morgan, views India's widening trade deficits with BRICS nations as not inherently negative, considering it an investment-savings gap. He highlights five key factors driving private consumption: low inflation, strong monsoon, monetary easing, direct and indirect tax cuts, and recovering rural demand. He also advocates for patience in RBI's policy path.