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Rush Hour: 1 billion Indians lack disposable income, American sarod player Ken Zuckerman dies & more
A new report by venture capital firm Blume Ventures estimates that one billion Indians, or nearly two-thirds of the country’s 1.4 billion population, lack the income to spend on discretionary goods, making them an unviable market for companies.India’s “consuming class” comprises only 140 million people across 30 million households and only makes up 10% of the population of the country. It is effectively only as big as Mexico. Another 300 million…
‘Over 1b people in India lack spending power for anything beyond basic necessities’
Islamabad: India’s market is a false promise as over one billion people lack spending power for anything beyond basic necessities, making it an unreliable market for broad-based growth. According to Kashmir Media Service, India’s 300 million aspirant consumers are hesitant spenders, showing the middle class is still in its infancy. India is deeply unequal, with 10% of the population holding over half the income leading to social instability and …
Billions of Indians don't have enough money to spend, a new report reveals. India is home to 1.4 billion people. Of these, about a billion don't have enough money to spend on goods or services as they wish, a new report shows. According to a report by Bloom Ventures, India has a market as big as Mexico. Asia's third largest […] The post Latest revelation about a billion Indians appeared first on ITN News.
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