Question

comment on the status of private consumption. can you think of reasons why it has shown this change?​

Answer 1

Explanation:

Private consumption is a major part of the GDP or Gross Domestic Product - a measure of the economy. Today, it accounts for nearly 60% of the India's GDP. Thus, it is a major driver of economic growth in India. ... Consumption spending grew 7-8% every year, even when India's GDP grew at slower rates.