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How Badly Has Indian Consumption Fallen? A Few Charts Show The Picture

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You're going to find this ugly. It's now about 6 months since the first lockdown, and in that "semi" anniversary we see what the Covid related lockdowns have done for our economy. Let's focus on consumption and financial transactions, a kind of barometer for consumption in some way or the other. Credit and Debit Card Transactions Are Still In Bad Shape Looking at the data on credit and debit card transactions, it appears that even in July, the situation is horrendous. While spends went down heavily in the lockdown, it's still really ugly in the POS . . .

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