Economic Times Unilever global chief executive Alan Jope said high inflation impacted demand from low income consumers in Indian villages even as growth remains stronger in cities. "The market growth in India remains stronger in urban areas than in rural areas and that reflects the high impact of high food inflation on low income consumers. We are seeing rural markets broadly flat in value terms with lower volumes," Jope said during its...

-Scroll.in The Indian government will have to take serious note of the structural problems and bottlenecks to work on improving the production-linked incentive scheme. On December 20, the Indian government approved a Rs 357.17-crore incentive for Foxconn India, under the Production-Linked Incentive scheme for the Large-Scale Electronics Manufacturing sector. According to government think tank Niti Aayog, Foxconn India is the “first global company” approved under the scheme for mobile phones and to receive...

-The Telegraph Delivery team, beauticians’ lives ruled by phone calls and sprints to customers New Delhi: The company Pinki Saini began working for in 2018 did not pay her. Instead, she paid the company for letting her work for it. When she started the job as a beautician with Urbanclap — now known as Urban Company — Pinki says she had to pay the firm a “joining fee” of Rs 4,000. She also...

-Livemint.com Most companies flagged a sluggish rural demand in the September quarter that impacted their quarterly volumes. However, most expect some form of recovery in demand in the second half of the financial year New Delhi: September quarter earnings of fast moving consumer goods companies helped zoomed in on the demand environment in rural markets that remains squeezed due to high inflation. Most companies flagged a sluggish rural demand in the September quarter...

-TheIndiaForum.in The uncritical tone of the NITI Aayog’s recent report on the gig economy in India and its belief that platformisation will create an inclusive working environment is, at best, credulous, and, at worst, a deliberate attempt to ignore the erosion of workers’ rights, security, and welfare. In August 2022, more than a hundred workers in Bengaluru working for online food ordering and delivery platform Swiggy went on strike. Echoing central trade...