India’s urban middle class is cutting back on spending due to inflation and unemployment, revealing weakness in urban demand for the second consecutive quarter. Major companies like Hindustan Unilever and Reliance’s retail unit have reported softer consumption, impacting their earnings and the broader economic outlook.
Related Posts
‘Modi will be PM again’: Maha CM Fadnavis puts an end to successor reports
Maharashtra CM Devendra Fadnavis asserted that Narendra Modi will remain Prime Minister in 2029, dismissing succession speculations fueled by Shiv Sena (UBT) leader Sanjay Raut’s […]
Militants attack Manipur thana day after setting school on fire
A day after a school was set ablaze, suspected militants carried out a gun and bomb attack near Borobekra Police Station in Jiribam, Manipur. Central […]
15 lakh people died in accidents on Indian roads in 10 years
India witnessed a staggering 15.3 lakh road fatalities between 2014 and 2023, exceeding the population of Chandigarh. Despite government pledges and judicial interventions, the death […]