Event JSON
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"Billion Indians have no spending money - report"
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"A new report from Blume Ventures estimates that India's consuming class is limited to 130-140 million people, with the remaining population struggling to afford discretionary goods and services. The report highlights the trend of 'premiumisation' where brands focus on expensive, upgraded products catering to the wealthy. The country's middle class is being squeezed out, with wages staying flat and income stagnating in real terms. The report also notes that white-collar urban jobs are becoming harder to come by due to automation."
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"content": "nostr:nprofile1qy3hwumn8ghj7un9d3shjtt5v4ehgmn9wshxkwrn9ekxz7t9wgejumn9waesqgxhw8uzq6ta7xc32qs8g2d8q5k28e9rgfat6yhwdvmrcvpampk5hvdqsh08\nhttps://ichef.bbci.co.uk/news/1024/branded_news/0c4b/live/9273ccc0-f35f-11ef-b035-1784fd736ed6.jpg\nIndia's population is 1.4 billion but its consuming class is only 140 million, or about as big as Mexico.\nhttps://www.bbc.com/news/articles/c8rk5d7ekjmo",
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