Economic activity and consumer spending during the festive season of Eidul Azha can be deemed a barometer for the overall health of the economy. Higher household incomes generally lead to higher spending during the season, and vice versa. Since almost all spending during the festive season is purely cash-based, it is difficult to fairly estimate the size of spending during the weeks …
Read More »The ‘cash cow’ of bakra-onomy
June 24, 2024