New Delhi, March 2 -- The MahaKumbh megaevent will provide a boost to consumption demand in the fourth quarter of the financial year 2025, benefiting sectors such as trade, hospitality, and transport, as per a report by CareEdge.

The report added that the economic momentum will rebound in the coming quarters, supported by factors such as recovering rural demand, lower taxes, policy rate cuts, falling food inflation, and increased public capital expenditure.

"Festivities amidst 'Maha-Kumbh' celebrations in Q4 should also support consumption demand and sectors such as trade, hotel and transport," the report added.

There has been an improvement in the private consumption demand in the rural centers, as revealed by the GDP data released on...