According to Alicia Garcia-Herrero, chief economist for Asia Pacific, as quoted on the CNBC article, the bullish outlook on India’s economy is supported by robust consumer spending. However, the widening current account deficit, resurging inflation, and increased geopolitical tensions could act as headwinds for India growth prospects in the short term. Coinciding with the festive season, which is expect to last till the end of the year, the cricket world cup is estimated to benefit the retail sector, with people likely to make "sentimental purchases" of merchandise related to the tournament.