Private Consumption as a percentage of GDP stood at 58.4 per cent in the second quarter OF FY23, the highest among the second quarters of all the years since 2013-14 supported by a rebound in contact -intensive services such as trade, hotel and transport survey points to the lower forecast for growth in global trade by the World Trade Organisation from 3.5 per cent in 2022 to 1.0 per cent in 2023