We are almost there ...
Poorer, salaried classes can’t lift India’s consumption gloom
Stagnant wages and job growth are straining the economy. The government’s hyped tax breaks can do little to fix what is fundamentally wrong with demand.
14 May, 2025•13 min
2
14 May, 2025•13 min
2
Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
$99 for one year
SUBSCRIBE
Already have an account? Sign In
More in Business
Business
Emirates NBD has its heart set on an Indian bank
India’s IDBI could make banking history with a Dubai bank, there’s a new island in Abu Dhabi and a property correction is on the cards.
You may also like
Internet
Protein chips and the problems of the East
It is becoming increasingly clear that the startup ecosystem is stuck with building for the top 3% of Indian society. Now consumption in even this rarefied segment is under pressure.
Business
Hyundai India’s funk will test shareholders’ patience
The South Korean carmaker may have made headlines teasing an aggressive product push in India. But, the absence of details and urgency gives little respite to investors reeling from declining sales and a 12-year market share low.
Business
Why international students are flocking to the UAE
A whole new wave of students is arriving from geographies and demographics never seen before in the Emirates, drawn not just by opportunity but also because of geopolitical and economic crises back home.
