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
CT: Eng crash out, Afghans turn on the heat in Group B
Afghanistan’s victory over England in the Champions Trophy puts pressure on South Africa and Australia for the semifinal spots in Group B. Ibrahim Zadran’s 177 […]
Melting heat to monster typhoons: How climate crisis wreaked havoc in 2024
The year 2024 saw extreme weather conditions with the hottest month on record, intense wildfires, numerous hurricanes and typhoons, and devastating floods and cyclones impacting […]
Elated BJP workers now eye BMC polls, aim for triple engine govt
Devendra Fadnavis’s unanimous election as BJP’s legislative chief brought relief and fueled ministerial ambitions. While Eknath Shinde sought another term, BJP aimed to retain the […]