People shop at a crowded market in Delhi, India, on October 11. Photo: Reuters
People shop at a crowded market in Delhi, India, on October 11. Photo: Reuters
India

What inflation? Indians in ‘revenge spending’ festive splurge despite global economic gloom

  • Consumers spend on everything from cars and houses to jewellery amid rise in urban wages and easy access to bank credit
  • The boom in India comes despite economic challenges elsewhere in the world as the Ukraine war and higher interest rates fuel runaway inflation

People shop at a crowded market in Delhi, India, on October 11. Photo: Reuters
People shop at a crowded market in Delhi, India, on October 11. Photo: Reuters
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