India consumers are the world's most confident
Surging wealth is pushing them to travel, take on more credit for spending
Mumbai
AS China champions a transformation in its economy towards domestic demand, it could do with the type of sentiment burst that its biggest neighbour is now enjoying.
Consumers in India - now the fastest-growing big economy - are the world's most confident, according to Nielsen. Surging personal wealth is pushing an unprecedented number of Indians to tour the globe, and companies are offering ever more exclusive attractions such as homes sold "by invitation only".
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
German deficit forecast at 1.75% in 2024, says stability council
SNP veteran John Swinney set to be Scotland’s next leader
Shell in talks to sell Malaysia fuel stations to Saudi Aramco: sources
Israel begins evacuating part of Rafah, Hamas decries 'dangerous escalation'
Macron, von der Leyen press Xi on trade in Paris talks
Eurozone business activity grows at fastest pace in almost a year, PMI shows