Sanjeev Sanyal, a member of the Economic Advisory Council of the Prime Minister (EAC-PM), addressed concerns over sluggish consumption growth, stating that in a high sustained growth economy, consumption and investments cannot rise simultaneously. Sanyal emphasized that sustained high GDP growth is typically investment-led, not consumption-led. He explained that prioritizing investment over consumption helps increase the savings rate, preventing the widening of the investment-savings gap and avoiding potential issues with the current account. Sanyal highlighted the current investment-led growth in the economy and expressed confidence in sustaining 8% plus GDP growth in favorable external conditions. He refuted claims that only the urban rich and upper-middle class are driving consumption in India.