PFCE, a proxy for household and private sector consumption, was 61.6% of nominal GDP in Q2FY23, as against 61.1% in the previous quarter and 59.5 per cent a year ago
Volumes decline 3.6%; urban areas sustain at 1.2 %: NielsenIQ
The country's FMCG industry continued to witness consumption slowdown in the September quarter, with rural markets registering a higher decline in volumes compared to the three months ended June, says a report. Also, consumers continued to prefer purchasing smaller packets amid companies hiking prices in response to broader inflationary pressures, according to the report released by data analytics firm NielsenIQ on Thursday. The FMCG industry witnessed an overall volume decline of 0.9 per cent in the September quarter in comparison to the preceding three months. This was the fourth consecutive quarter with negative volume growth for the industry and is "attributed to the double-digit price growth for the past six consecutive quarters," the quarterly FMCG industry report said. Rural markets recorded a volume decline of 3.6 per cent in the September quarter in comparison to a decline of 2.4 per cent in the June quarter. "The consumption decline in the rural markets continues to be l
The fair value growth of the Nifty is expected to be healthy in the long run, driven by a strong economic growth outlook, says Paharia
Nine-day Navratri festival saw retailers witness the highest footfalls in two-three years across segments such as automobiles, consumer appliances, and apparels
The high revenue growth has largely been predicted due to increasing mall supply in next six years, sustenance of rising consumption demand
Today, far too many people earn far too little to support consumption growth of the kind the economy needs, notes T N Ninan
On a quarter-on-quarter basis, GDP lost 0.1%, beating median market expectations for a 0.3% drop
The FMCG industry saw decline in volume in the January-March period as consumption was impacted by price increases, especially in the food and essentials categories, said a report by NielsenIQ.
A recent IMF working paper said that India's consumption inequality during the Covid-affected 2020-21 fell to near the lowest level in the last 40 years. It was due to the govt's free ration scheme
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Bizom data notes that while other categories' consumption took a hit, commodity consumption remained high as people focused on essentials
Higher inflation and cost of capital remain key worries amid expansion
In a pre-budget report, India Ratings said it expects the new budget to consolidate and strengthen the plan set out in the last budget
Consumers are once again showing some optimism at the beginning of the year with improved economic and income expectations.
This indicates that in spite of strong recovery in 2021-22 from the contraction last fiscal year, consumption recovery among the populace is still not broad-based
Consumption as a theme is likely to improve once economic recovery picks up, feel market participants
The company said the fast-moving consumer goods sector witnessed slowing consumption pattern
The government's recent spate of programmes should be expected to generate some momentum, but the macro-economic numbers are not encouraging, notes T N Ninan
The Nifty Consumption index surged nearly 228 per cent in the last 10 years and has outperformed the frontline Nifty50 that moved up nearly 138 per cent during this period