Consumer Spending

India's swelling urban middle class has been the engine of its growth for far longer than government capex has

Initial data from NielsenIQ for October shows overall FMCG growth at 4-5 per cent, with volume growth at around 3 per cent and price growth at just 1-2 per cent

According to CAIT survey, the period from November to mid-December is likely to witness 3.5 million weddings in India

Industry executives have observed a decline in the share of the Rs 5 segment within the FMCG market, which was 35 per cent two years ago

Amid shifting retail dynamics driven by India's quick commerce boom, premium products are moving off shelves faster across all channels

Crafted bed sheets, pillows made of cooling fabric, ergonomic mattresses are in high demand

A raft of factors can whet spending propensity

Amazon Prime Day is here, and experts are reminding consumers to be wary of scams. Deceptions such as phony emails from people impersonating online retailers like Amazon are nothing new. But phishing attempts increase amid the heavy spending seen during significant sales events, whether it's Black Friday or Prime Day, according to the Better Business Bureau. This is a huge moment on the retail calendar," Josh Planos, vice president of communications and public relations at the Better Business Bureau, previously told The Associated Press. "And because of that, it represents an enormous opportunity for a scammer, con artist or even just an unethical business or organization to capitalize on the moment and separate folks from their hard-earned money. Prime Day, a two-day discount event for Amazon Prime members, kicks off on Tuesday and runs through Wednesday. In updated guidance published last week, the Better Business Bureau reminded consumers to watch out for lookalike websites, ...

Smart lighting systems, chandeliers, LED bulbs shape how your feel in your room

74% think their spending on groceries may go up in the next six months

Diversified conglomerate ITC has said consumer spending on the company's FMCG products has increased 12 per cent to nearly Rs 32,500 crore in FY24 with over 25 crore households having access to its various brands. ITC measures annual consumer spending as the sum total of what consumer spends on buying goods of the company. It is the net sales turnover of the brands along with channel margins and taxes. The FMCG portfolio of over 25 world-class Indian brands, largely built through an organic growth strategy leveraging institutional synergies in a relatively short period of time, "represents an annual consumer spend of nearly Rs 32,500 crore and reach over 250 million households in India", the company said in its annual report for 2023-24. This is 12 per cent higher than the numbers achieved in financial year 2022-23, when it had reported an annual consumer spend of nearly Rs 29,000 crore. The company's reach has also expanded to 25 crore households from 23 crore a year ago. The FMC

In the 12 months through May, the personal consumption expenditures price index increased 2.6 per cent after advancing 2.7 per cent in April

Data from Simpl's Checkout Scan shows a remarkable 60 per cent increase in total payment volumes for orders placed between 10 pm and 4 am over the past year

The rural markets have outpaced urban demand, registering a 7.6 per cent increase compared to a 5.7 percent rise in urban areas, in the March quarter of FY24

Spatial inequality must be addressed

Transportation costs have also gone up and people are on the move for all sorts of reasons

BYD, the country's best-selling brand, sold 330,488 passenger vehicles in May, an increase of just over a quarter compared with last year

The yearly remittance data shows a robust inclination among Indians towards international travel, with expenditures totalling $17 billion in FY24

If you live in a bungalow or an apartment, you can set up your drinking hole

The personal consumption expenditures (PCE) price index rose 0.3% last month, the Commerce Department's Bureau of Economic Analysis said