"India has over 300 billionaires, which is something that you would hardly consider possible for an emerging economy, [with] a strong growth rate, but also a track record of a very large population of poor people. So this has exacerbated the rich-poor divide," she added. India's 3 house...
Income Consumption Inequality China India JEL classification D31 N35 O15 1. Introduction China has experienced a profound transformation, maintaining impressive economic growth rates during the last decades. This improvement in wellbeing has particularly allowed millions of Chinese to leave extreme poverty...
Underlying macroeconomic factors: The Beauty & Personal Care market in India is significantly influenced by macroeconomic factors such as disposable income growth, urbanization, and changing consumer preferences. Rising disposable incomes, especially among the middle class, enable greater spending on personal...
Bangalore-based consultancy Redseer was more optimistic, estimating online festival sales of 1-1.2 trillion rupees, up 20% on the year, against 13% growth last year. Major retailers like Reliance Retail, Amazon, and Walmart owned Flipkart are offering discounts and ea...
The favorable demographic dividend, continuously increasing amount of disposable income, urbaniza- tion, emergence of economically improved middle class households and technology-driven shifts in consumer expenditure are the primarily driving the growth of retail markets in India. Keeping theretail market-...
This growth is propelled by increasing disposable incomes, evolving lifestyles, and a preference for organized retail platforms that provide diverse furniture options. Manufacturers introduce novel materials and designs as the market expands to meet rising demand. This innovation meets consumer needs and ...
Bank Loan Growth YoY Cash Reserve Ratio Central Bank Balance Sheet Foreign Exchange Reserves Interbank Rate M3 Money Supply YoY Money Supply M0 Money Supply M1 Money Supply M2 RBI Interest Rate Reverse Repo Rate Auto Exports Balance of Trade ...
The Hospitality Market in India is Experiencing Growth Due To the Country's Rich Culture and Diversity, Attracting Global Guests. The Service Sector, Known for Spiritual Tourism, Has Seen A Rise in Domestic Travel, Driven by A Growing Middle Class and Increased Disposable Income. Innovations in ...
In India, farmers often experience seasonal unemployment in December. When farmers become unemployed, they have less disposable income to spend on goods and services, which can reduce overall consumer spending and economic growth. Those who rely on seasonal employment may struggle to meet their basic...
Crisil predicts that the demand for clothing in India will grow by 4% a year in 2013~2014.With the increase of organized retailers, the growth of national disposable income, the change of population structure and the enhancement of brand awareness,Brand clothingThe climb is faster. ...