Economy | Magazine Articles |

Changing Patterns of Consumption – Understanding PFCE

Consumption is considered to be the fundamental determinant of welfare for any economy. It reflects several important characteristics of an economy including affordability, inequality and more. Consumption behaviour is one of the true measures of a society’s economic, political and social conditions at a given point of time or over time capturing various interconnected issues. Though research related to consumption has gained momentum worldwide in the last three to four decades, in India it is still at a nascent stage....

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