-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%...
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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 »Never the twain shall meet: Why gap between WPI and CPI based inflation widening -Asit Ranjan Mishra
-Livemint.com Why is retail inflation then touching new heights? It is mainly because CPI and WPI are two different sets of indicators with varied compositions While the retail inflation as measured by the consumer Price Index (CPI) touched a 16 month high at 4.62% in October, the wholesale price inflation measured by the Wholesale Price Index (WPI) is at the verge of entering the negative territory. The gap between the two is...
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 »Govt to import 1L-tonne onion to curb prices
-The Tribune New Delhi: The government today said it will import 1 lakh tonnes of onion to control prices that have risen sharply to around Rs 100/kg at some places, including the national capital. While state-owned trading firm MMTC will import onion, cooperative Nafed will supply the key kitchen staple in the domestic market. This decision was taken at a meeting of a committee of secretaries held on Saturday. “The government has taken...
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