A new analysis shows that the top 10% of earners are behind almost half of all consumer spending, which is almost 70% of GDP.

India’s Gross Domestic Product (GDP) growth is set to shrink to 6.4 per cent in 2025, as compared to 6.6 per cent in 2024, Moody’s Analytics has said in its latest report. This will happen largely due to new US tariffs and global softening of demand affecting exports.

Gross domestic product (GDP) growth across the Asia-Pacific (APAC) region is expected to slow to 3.7 per cent in 2025 from an estimated 3.9 per cent in 2024 on trade tensions, policy shifts and uneven recoveries.

It said that India’s GDP is expected to grow 6.4% both in the 2025 and 2026 fiscal years. Talking about China, it said that its GDP growth will further weaken and reach 4.2% in 2025 and 3.9% in 2026. The fastest-growing economy of Asia registered a 5% growth rate in 2024.

The top 10% of American households in terms of income earned are driving nearly half of all U.S. consumer spending, according to a new analysis by Moody's Analytics.

India’s GDP is expected to shrink further in upcoming years India’s Gross Domestic Product (GDP) growth rate is expected to slow down further in 2025, Moody’s Analytics has said. In a report ...