ONCE THE BACKBONE of domestic consumption, India's middle class, which represents 31% of its population, is cutting back sharply on daily and discretionary expenditure. The warning bells were first sounded by Nestle India's chairman and MD Suresh Narayanan, a company best-known for its brand of noodles (Maggi), instant coffee (Nescafe) and chocolates (KitKat) among other products. Narayanan said that the 'middle segment' of consumers, a key category for most fast-moving consumer goods (FMCG) companies, was shrinking, resulting in diminishing fortunes for these firms.
Denne historien er fra December 25, 2024-utgaven av Financial Express Kolkata.
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Denne historien er fra December 25, 2024-utgaven av Financial Express Kolkata.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Quick, quicker, quickest...
DELIVERIES AT ONE'S DOORSTEP AT LIGHTNING SPEED IS ALL-PERVASIVE
At the G, India up against Head-strong Australia
● In-form batter declared fit for Boxing Day Test
Prosperity through cooperation
IN JUNE, the United National General Assembly (UNGA) adopted a resolution proclaiming 2025 as the International Year of Cooperatives with 'Cooperatives Build a Better World' as the theme.
Office Leasing in Top Six Cities Hits Record: Report
WITH RISING DEMAND of premium workspaces, real estate consultant Anarock has said that realty firms are currently developing around 250 lakh square feet of office space across major cities for catering to the requirements of domestic and foreign companies.
The Angry Young Man
LATER, THE BUREAU of Indian Standards got into examining the matter.
Investors Get Good Exits in IPO Frenzy
A whopping ₹1.6 lakh crore has been mopped up in the primary market in 2024 by 90 firms, the highest so far in a year, topping the ₹1.19 lakh crore raised through IPOs in 2021 by 63 companies.
Honda-Nissan deal may hold key to fight against BYD
HONDA MOTOR ABSORBING Nissan Motor could give the two struggling Japanese brands the scale they need to take on China's BYD, sales figures released on Wednesday show.
Russia Launches 'Inhuman' Christmas Day Attacks
RUSSIA ATTACKED UKRAINE'S energy system and some cities with cruise and ballistic missiles plus drones on Wednesday in an \"inhuman\" Christmas Day assault, Ukraine's President Volodymyr Zelenskiy said.
China Avoids Rate Cut to Brace for Future Pressure
CHINA REFRAINED FROM cutting the interest rate and drained the most cash since 2014 with a one-year policy tool, keeping its powder dry ahead of possible escalation in trade tensions with the US next year.
Azerbaijan Airlines plane crashes in Kazakhstan, many feared dead
AN EMBRAER PASSENGER jet flying from Azerbaijan to Russia crashed near the city of Aktau in Kazakhstan on Wednesday with 62 passengers and five crew on board, Kazakh authorities announced, saying 32 survivors had been rescued.
