01-February-2023
Economy News
 
The squeeze on India’s spenders is yet to lift
24-Jan-2023

Manufacturing of wants is hard anywhere for marketers, but the challenge is bigger when the bottom half of the population takes home only 13 per cent of national income. While India’s rapid economic growth since the 1990s has undoubtedly expanded the spending capacity of its 1.4 billion people, acute and rising inequality — among the worst in the world — makes for a notoriously budget-conscious median consumer. Companies can take nothing for granted: For Unilever’s local Indian unit, a late winter crimped sales of skin-care products last quarter.

News Source:- https://www.financialexpress.com/economy/the-squeeze-on-indias-spenders-is-yet-to-lift/2957108/