-Hindustan Times On Friday, Business Standard released leaked findings from the 2017-18 CES which showed that inflation-adjusted average monthly per capita expenditure (MPCE) declined by 3.7% in the country between 2011-12 and 2017-18, a FIRst in four decades. The ministry of statistics and programme implementation (MOSPI) has decided “not to release the Consumer Expenditure Survey (CES) results of 2017-2018” in view of “data quality issues”, it said in a statement. On Friday,...
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Consumer spending falls for FIRst time since 1973 due to low rural demand: NSO data
-India Today The NSO report claims the consumer spending in villages for FY18 dipped by 8.8, whereas, it rose by 2% in cities over six years Consumer spending dropped for the FIRst time since 1973 on weak rural demand, according to National Statistical Office (NSO). Latest consumption expenditure survey, titled 'Key Indicators: Household Consumer Expenditure in India', reveals that the average sum of money a person spends in a month dropped by 3.7%...
More »Why FMCG companies are cutting down on advertising costs in India -Bidya Sapam
-Livemint.com * Consumer goods companies are likely to post their worst revenue growth in the last 15 years, as per report * With slump in consumer demand, most FIRms are stepping up their efforts to entice consumers through discounts and offers Mumbai: Fast moving consumer goods (FMCG) companies are shifting their focus to consumer promotions to drive volume in a sluggish market while being cautious on investing heavily on advertisements to save cost,...
More »Reviving growth: Focus on rural India -Aruna Sharma
-Financial Express If panchayat allocations are merged with MGNREGA to aid asset creation, it can trigger infrastructure growth, resulting in extra income and improved conditions. There is a lot of debate around 5% GDP growth and its impact on the organised sector. Although the government has been taking multiple steps to trigger the economy, there is a need to focus on rural India, in terms of optimising of fund allocations and revision...
More »Swachh Bharat In The City -Himanshu Gupta
-The Indian Express Urban areas require a different approach to end open defecation. The Swachh Bharat Mission is being executed by two different ministries — the Ministry of Drinking Water and Sanitation for rural areas and the Ministry of Housing and Urban Affairs for urban areas. In the rural areas, the major challenge was to change the mindset of the populace so that they would start using household toilets rather than...
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