The decline in consumption and sharing of news in India can have significant economic implications. Here are some effects to consider:

• Reduced advertising revenue: With fewer people consuming news, media houses will experience a decline in advertising revenue. This could lead to job losses and the closure of smaller media houses.
• Impact on online news portals: With people consuming more news on social media, traditional news portals are facing stiff competition. This has led to a decline in their revenue, which could impact their ability to invest in quality journalism.
• Difficulty in decision making: A lack of access to credible news and information can make it difficult for decision-makers, including investors and businesses, to make informed choices. This could lead to missed opportunities and economic losses.
• Spread of misinformation: With the decline in credible news sources, there is a risk of misinformation spreading rapidly. This can create confusion and distrust, leading to social and economic dislocation.

It is important to note that news consumption and sharing is vital to a functioning democracy. A decline in this activity could have longer-term implications beyond just the immediate economic effects.