According to Nielsen, both urban and rural sales are growing but the recovery/sales from the undeveloped semi-urban/rural quarters are much faster
Capital allocation, urban volumes, new regime key factors to be seen
A slowing economy pushes the two to come together to develop a joint engagement platform for rural consumers
The appliances and consumer electronics industry is projected to double to Rs 1.48 lakh crore by 2024-25, according to a report. The market is expected to see acceleration in growth on account of surging rural consumption, reducing replacement cycles, increasing penetration of retail, a wide choice of brands and products at various price points, it added. The industry had a total market size of Rs 76,400 crore in 2018-19, in which Rs 32,200 crore was contributed from domestic manufacturing, according to the joint report by CEAMA and Frost & Sullivan. The report is based on product categories, which include air conditioners, refrigerators, washing machines, television (TV) and audio. "The overall market size of the five categories covered in this project for the year FY19 is 76,400 crore and the market is estimated to grow at a CAGR (compound annual growth rate) of 11.7 per cent till FY25," the report said. It also suggests that domestic value addition for "ACE (appliances and ...
Chorus to make junk NSO report public grows
Rural parts of Haryana and Maharashtra saw an 18 per cent fall in consumer spending in 2017-18, compared to 2011-12
Without bold action to deal with India's banking crisis, count on the economy's doldrums to continue for much longer than most of us anticipate
While FMCG products are doing well, auto sales receded in recent quarters, and the verdict on tractor sales was mixed
Household consumption of FMCG products in villages grows at almost double the pace of urban areas in 2015, show IMRB data