The Macro Puzzle – II: Divergence between Consumption and GDP

The recently released GDP data has led to lots of questions and puzzles as the data is at odds with the historical trend of consumption growth broadly mimicking GDP growth. The difference of 4.5 percentage points between GDP growth and consumption growth in 2023-24 is the highest since 1951-52,  as against a maximum difference of 0.5 to 1 percentage points in earlier years 

from Moneycontrol Economy News https://www.moneycontrol.com/news/economy/the-macro-puzzle-–-ii-divergence-between-consumptiongdp_17502021.html
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