Consumption trend uneven on high prices, but industry upbeat

India is experiencing a contradictory trend in consumption, as middle-class consumers face the impact of food inflation while upper middle class consumers increase their spending on premium goods like cars and real estate.

economictimes.com

Relevant topic timeline:

8/25/2023

India's food price surge forces government measures to improve supplies

India is facing a rise in food prices due to uneven and scanty rain, prompting the government to take measures to boost supplies and ease inflationary pressures.

8/28/2023

Fashion retailers in India suffer sales pain as tomato, onion prices surge

Sky-high food inflation in India, caused by erratic monsoon rains, is leading to low sales and steep discounts in the fashion retail sector, raising concerns about consumer spending.

8/28/2023

India’s surging food prices are a problem not just for India

The Indian government's efforts to control food prices, such as imposing taxes and export bans, may help contain inflation domestically but could lead to higher prices globally, particularly for rice, affecting countries that rely on food imports.

8/30/2023

Is India exporting food inflation to the world?

Erratic climate conditions in India, including a dry August, have led to a significant increase in food prices, with onions alone becoming 25% more expensive since June, causing concern about global food inflation as India is a major exporter of rice, sugar, and onions and is a key supplier to many Asian and African countries.

9/1/2023

Foreign luxury brands flock to India ahead of festive season; big labels look to tap into growing affluence of Indians - Times of India

Luxury consumer goods brands are entering the Indian market in anticipation of increased affluence, with factors such as global exposure, a younger demographic, and economic recovery playing a role, leading to a surge in luxury products despite inflationary trends.

9/2/2023

Govt's budget cuts on subsidies could further weaken rural demand: CareEdge

The government's budget cuts on subsidies could further worsen rural demand in India, which is already facing uncertainties due to inconsistent monsoons, food inflation, and lower income, according to a report by Care Edge.

9/6/2023

Is India the World’s Next Great Economic Power?

India's economic rise is seen as inevitable due to factors such as a consumer boom, context-appropriate innovation, a green transition, a demographic dividend, access to finance, major infrastructure upgrades, policy reforms, geopolitical positioning, and a diaspora dividend, although challenges such as unbalanced growth, unrealized demographic potential, and unrealized ease-of-business and innovation potential still need to be addressed.

9/7/2023

India's consumer market set to become the world's third largest by 2027, behind the U.S. and China

India's consumer market is projected to become the world's third largest by 2027, driven by rising middle to high-income households and increased consumer spending on electronics.

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Posted 8/20/2023, 7:14:36 PM

Consumption trend uneven on high prices, but industry upbeat

economictimes.com

Relevant topic timeline:

8/25/2023

India's food price surge forces government measures to improve supplies

India is facing a rise in food prices due to uneven and scanty rain, prompting the government to take measures to boost supplies and ease inflationary pressures.

8/28/2023

Fashion retailers in India suffer sales pain as tomato, onion prices surge

Sky-high food inflation in India, caused by erratic monsoon rains, is leading to low sales and steep discounts in the fashion retail sector, raising concerns about consumer spending.

8/28/2023

India’s surging food prices are a problem not just for India

8/30/2023

Is India exporting food inflation to the world?

9/1/2023

Foreign luxury brands flock to India ahead of festive season; big labels look to tap into growing affluence of Indians - Times of India

9/2/2023

Govt's budget cuts on subsidies could further weaken rural demand: CareEdge

9/6/2023

Is India the World’s Next Great Economic Power?

9/7/2023

India's consumer market set to become the world's third largest by 2027, behind the U.S. and China

India's consumer market is projected to become the world's third largest by 2027, driven by rising middle to high-income households and increased consumer spending on electronics.