https://www.taxtmi.com/news?id=35603 Low per capita consumption and widening income inequality constrain aggregate demand by concentrating growth within a small "consuming class," with many households lacking discretionary purchasing power. The recommended policy response is to shift from elite oriented policymaking to bottom up empowerment, notably by kickstarting rural incomes through higher public employment wages to outpace inflation, addressing real wage stagnation and household indebtedness to broaden the consuming base and restore inclusive demand growth. en-us Fri, 28 Feb 2025 13:01:03 +0530 Fri, 28 Feb 2025 13:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=35603 Low per capita consumption and widening income inequality constrain aggregate demand by concentrating growth within a small "consuming class," with many households lacking discretionary purchasing power. The recommended policy response is to shift from elite oriented policymaking to bottom up empowerment, notably by kickstarting rural incomes through higher public employment wages to outpace inflation, addressing real wage stagnation and household indebtedness to broaden the consuming base and restore inclusive demand growth. News - Fri, 28 Feb 2025 13:01:03 +0530 https://www.taxtmi.com/news?id=35603