Economic Advisory Council
Indian Household Consumption Shifting from Necessities to Asset Building: EAC-PM Report Reveals Changing Economic Patterns
Nov 25, 2025 06:56 pm CST
A new report from India's Economic Advisory Council reveals a significant shift in household spending patterns, with consumers increasingly prioritizing asset-building investments over basic necessities. This trend, visible across income groups including the bottom 40% of households, shows growing ownership of motor vehicles, refrigerators, and mobile devices, signaling improved living standards and reduced asset poverty nationwide.
Economic Adviser's Criticism of Judicial Vacations Sparks Strong Response from Top Lawyer
Sep 30, 2025 04:28 pm CST
A controversy has emerged after Sanjeev Sanyal, member of the PM's Economic Advisory Council, called the judiciary the "biggest hurdle" to India's development goals, particularly criticizing long court vacations. Supreme Court Bar Association President Vikas Singh responded strongly, defending judicial practices and calling the remarks "irresponsible" and reflective of a misunderstanding of how courts function.