Chief Economic Advisor V Anantha Nageswaran, emphasised that changes in private-sector hiring and compensation practices in the post-COVID era have played a significant role in the consumption trends observed today. These changes, alongside the central bank’s credit-related actions, have influenced consumer spending patterns and economic activity. His comments come in the backdrop of the government’s Economic Survey, which projects India’s GDP growth between 6.3% and 6.8% for FY26.
