Middle-class shrinking in India, clearly seen through Nestle's market data. Their CEO literally says they're operating in "two Indias."
Premium products thriving while basic goods struggle. This is showing growing gap between rich and poor consumers.
Digital divide widening: E-commerce (38% growth) mainly benefits urban areas, leaving rural areas behind.
Price pressures hitting lower income groups harder: Example of coffee prices up 60%, forcing 15-30% product price increases.
This isn't a temporary blip - slowdown has lasted 2-3 quarters (vs usual 1 quarter), suggesting a fundamental shift in consumer wealth patterns.​​​​​​​​​​​​​​​​
It also means that milk and nutrition being worst hit can also create nutrition inequality. You will find that the height difference between both groups will start to widen.
I now spend twice as much each month compared to five years ago, yet my standard of living remains the same. It's challenging to compete with Indian salaries when someone with dollars can purchase goods, particularly real estate, in the same market.
FMCG is cracking. Down 3% today.
growing inequalty == unrest
I wish middle class vanishes completely then no tax to the govt.
villages and smaller towns are the vote banks. goverments will continue to bleed cities to pamper villages/towns. how many know that BSNL broadband has two kinds of charges for the same speed? its cheaper for rural areas. The 70 saw the migration pick up from villages to cities. the main reason was villages didnt offer much to stay and work there. 2030's will see the reverse migration. Cities are expensive and unlivable.
Most people in this country are on debt in one way or the other. IT companies pay 25000 per month in a city where PG accommodation costs you 10k per month. Government is increasing tax every year for the middle class (which is the majori...
Let's understand it with an example. In a nation 1 billion only 150 million could afford luxury like Cars, Ac, gadgets etc for discretionary spending from disposable income. The rest of the people at the populace do not have significant ...
Nestlé’s baby food brands including Cerelac and Nido added sugar in the form of sucrose, in lower and lower-middle income countries including India — but not in the products sold in Europe or UK, according to a report by Swiss investigat...
Don't know why I'm so pissed with these news. Kinda knew it, but they have ruined generations. Most of Indians turnin...
