100 crore Indians have no money to spend on non-essential items: Report

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Getty ImagesGoods belonging to global companies attract markets in India. India has a population of 1.4 billion people, but about one billion people lack money to spend on any optional goods or services, according to a new economic report. The report issued by Bloom Ventures, a capital investment company, says that the category of consumers in the country, [...]

Live Mint

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100 crore Indians have no money to spend on non-essential items: Report

A report reveals that nearly 1 billion Indians (100 crore), or 90% of the population, lack the financial means to spend on discretionary goods and services. With only a small segment of the population driving consumer spending, the study highlights the widening economic divide in India.

India Today

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100 crore Indians have no extra money to spend: Report

A report by a venture capital firm, Blume Ventures, says India's 'consuming class' comprises roughly 140 million people. But about 1 billion (100 crore) Indians do not have the kind of incomes to be able to spend anything on discretionary good.

Saudi Gazette

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A billion Indians have no spending money, says report

India's consuming class, effectively the potential market for start-ups or business owners, is only about as big as Mexico, 130-140 million people, according to the report from Blume Ventures, a venture capital firm.

Deccan Herald

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100 crore Indians have no discretionary income to spend: Report

The nature of the Indian consumer is also shaping the way brands approach the Indian market—with shifts from capturing the mass market to concentrating on premium products.

Financial World

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India faces deepening inequality and economic crisis

India is a country rich in natural resources, but despite this, its economy still struggles to stabilize and ensure long-term growth. The problem of a large population creates enormous challenges, but it is not the only reason why India is failing to achieve long-term progress. Many Indians believe that their government is mainly focused on its own interests, often ignoring the broader social picture and the common good. An economy on the brink …