Consumer Spending

Only one out of 10 Indians has money for spending on non-essential items

A new study has found that around 30 million people fall into the 'emerging' or 'aspirant' consumer category who have only recently begun spending more but remain cautious in their financial choices

China's new consumer spending plan: No more scams, no more shoddy goods

Beijing launches a bold plan to boost consumer spending, crack down on fraud, improve product quality, and create a safer, more reliable market for shoppers across China

Proteins vs beverages: Gnawing spending gaps in some states, shows data

The gaps in urban areas were even wider, with urban Gujarat spending ₹17 and urban Punjab ₹12 on beverages and processed foods for every ₹1 spent on eggs, fish and meat

Key US inflation gauge posts largest monthly rise since last April

The increase was in line with economists' expectations. In the 12 months through December, the PCE price index advanced 2.6%. That was the biggest gain in seven months

China expands consumer trade-in programme to revive consumer spending

With billions in subsidies, the initiative aims to attract new consumers, but experts are divided on whether it will drive lasting change or just provide a short-term economic boost

China to expand subsidies on smartphone purchases in bid to lift spending

The move is part of China's efforts to encourage consumption to offset the effects of any new US tariffs on Chinese exports, which have been a key growth driver

BS CEO poll: Corporate India sees demand recovery, capex surge in 2025

Top execs plan to go on hiring spree, expect govt to offer tax incentives

China raises salaries of civil servants to boost consumer spending

President Xi Jinping has declared boosting domestic consumption the top priority for 2025, as his government ramps up efforts to bolster a slowing economy

Year in Review: How inflation pinched pockets of Indian households in 2024

Indian households grappled with soaring prices in 2024 as inflation strained budgets and reduced purchasing power. High inflation rate cut into savings and curbed discretionary spending of consumers

India's GDP growth loses momentum: What's behind the urban spending freeze?

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

Slowdown in urban demand hits FMCG growth; rural recovery offers hope

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

Wedding season to generate Rs 4.25 tn in expenditure in Nov-Dec: Report

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

Mini packs, major dilemmas: FMCGs tackle shrinking margins, pricing woes

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

Strong demand for premium products persists despite inflation pressures

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

For a good night's sleep, tuck into luxurious, comfortable bed linen

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

Consumption tailwinds

A raft of factors can whet spending propensity

Amazon Prime Day a big event for scammers, experts warn customers

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, ...

Lights as luxury: How to switch on the right fixtures at your home

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

75% Indians expect higher spending on clothes, footwear in 6 months: Report

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

Consumer spending on ITC's goods increase 12% to Rs 32,500 cr in FY24

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