Monday, 6 December, 2021
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Topic: consumers

88% Indians happy to be back in office, 83% won’t go on vacation this year: Axis My India poll

The Consumer Sentiment Index also revealed cautious optimism in consumer spending during festival season with 42% Indians saying they will spend more or same as last year.
Representational image | Online shopping | Pexels

Stringent draft e-commerce rules are not in best interest of consumers, survey finds

The proposed amendments to e-commerce rules seek to ban flash sales, raise compliance requirements, and fix liability on platforms for the failure of the sellers.
Made in China products

43% Indians did not buy ‘Made in China’ products since Galwan clash last year, survey says

A LocalCircles survey released Tuesday found that out of those who did buy Chinese-made items, 60% said they only bought only one or two items.

India Inc will be hurt by Indians spending less, unless Modi launches income support scheme

Wholesale prices in India, a proxy for cost buildup, surged 10.5% last month — the most in 11 years. Consumer price inflation, meanwhile, slowed to 4.3% from 5.5% in March.
Representational image| Amazon Inc. fulfillment center in Bengaluru, India | Ruhani Kaur | Bloomberg

Over 22% of consumer complaints in India in last 4 years are linked to e-commerce sector

Complaints related to banking and telecom sectors also form major chunks of consumer grievances, according to Department of Consumer Affairs.
File photo | Salespersons arrange items at a shop in a mall in Jabalpur | PTI

Indian brands can’t wake up after lockdown. Decoding hoarders, lamenters, indulgers will help

The Kübler-Ross Model of ‘stages of grief’ can easily be applied to Indian consumers during the pandemic. Brands should know who they are dealing with.
Representational Image | Photographer: Dhiraj Singh / Bloomberg

RBI survey shows consumer confidence in India at its lowest since Modi became PM

The drop coincides with a deepening slowdown in the Indian economy, increased concerns about employment, and the NBFC crisis.
Vegetable market

Unreleased NSO survey data shows 3.7% fall in consumer spending for first time in 4 decades

Survey on household consumer expenditure in India shows dip in expenditure on food consumption for first time.
BSE

This is India’s most expensive stock – but investors still love it

Investors value ability of Asian Paints to churn out record profits when other consumer-oriented companies have warned of the impact from slowdown.
Indian economy

Modi govt’s FDI push won’t cover up inefficiency in insurance sector – or help consumers

Consumers with a dispute feel discouraged to approach the ombudsmen. Insurance firms’ control over these offices further complicates things.
Illustration: Ramandeep Kaur | ThePrint

Bezos, Branson & Musk — Are billionaires popularising space travel or just on an ego trip?

Jeff Bezos will travel to the edge of space in his New Shepard aircraft — more than a week after billionaire Richard Branson defeated him in a fast developing space race.
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