How is the fall in consumer spending (as per NSO data) a surprise to anyone?
Unrelated but related anecdote:
Was doing qualitative research in a few villages in North Bihar for a clean energy project a couple of years ago. During one conversation at the village adda, an old man quipped, "Jindagi me sarkaar ne hume do baar thappad maara. Pehla baar tha nasbandi ab doosra baar hai notebandi."
They all shook with that emphatic laughter that only very dark humor can elicit.
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