Fuel Shocks, Rising Prices Threaten India’s Consumption Growth


Mumbai-based Vivek Mhatre rides around 18 kilometers (11.1 miles) to work everyday on the only vehicle in his household, a Honda Activa 125 scooter. The middle-aged accountant said he has cut back on his evening Vada Pav, a spicy potato patty in a sandwich, and other snacks to save money for fuel and other rising expenses. He said he spends 1,500 rupees on petrol a month, without saying how much he earns. 



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