Consumer concern around the rising cost of living has eased slightly over the past year, with just 43 per cent now fearing their finances will worsen in the next few months, compared to 80 per cent who felt that way a year ago, according to the third edition of the Capgemini Research Institute’s annual consumer […]
Exports from India to Australia have grown by 14 per cent to USD 5.8 billion in April-November this fiscal year due to the strong growth of various sectors, such as engineering, pharmaceuticals and electronics, according to a senior official’s statement on 29 December. The interim free trade agreement implemented on 29 December last year has […]
A report on Tuesday unveiled the immense potential of India’s ConsumerTech industry which is expected to surge in the total addressable market, reaching approximately USD 300 billion by 2027, with a compound annual growth rate (CAGR) of around 25 per cent. The driving forces behind this explosive growth are attributed to digital public infrastructure and […]
Quality Street maker Nestle and Cadbury owner Mondelez are witnessing higher sales of confectionery in Britain this holiday season driven by cash-strapped shoppers seeking cheaper gifts, Reuters reported. According to analysts and consumer companies, consumers hit by inflation and higher mortgage rates are purchasing less expensive gifts this year. Some are opting for toys and […]
Walmart’s top executives expressed concerns about the future spending patterns of consumers, stating that financial strain is making them more cautious, Reuters reported on Wednesday. Chief Financial Officer (CFO) John David Rainey observed “unusual behavior” in October that prompted worries about the consumer’s financial health. He clarified at the Morgan Stanley Global Consumer & Retail […]
The fintech platform PhonePe is likely to launch consumer lending on its platform by January 2024, according to a report from a leading media house. The Walmart-backed platform is expected to operate as a distributor for personal loans. The fintech is in the final stages of integration with five lenders from banks and non-banking financial […]
Reserve Bank of India(RBI) has flagged the high growth in certain components of consumer credit and has advised banks and non-banking financial companies (NBFCs) to strengthen their internal surveillance mechanisms, address the build-up of risks and institute suitable safeguards. On a review, it has been decided to increase the risk weights with respect to consumer […]
The US’ consumer price inflation slowed to 3.32 per cent in October, snapping its steady climb over for the last two months, CNN reported, adding that the decline has come as a huge sigh of relief for American consumers, who have been grappling with rising prices of essential commodities over the last two years. The […]
With the onset of the festive season, more than 2 out of 5 consumers across the country have expressed their intent to shop online from direct-to-consumer (D2C) merchants, according to a survey conducted by Simpl. The surge in consumer interest can be attributed to the growing number of individuals turning to D2C merchants in recent […]
A report on Wednesday revealed that young consumers are taking deliberate action to protect their privacy, as 42 per cent of them, aged between 18 to 24 years, exercise their Data Subject Access Rights, compared with just 6 per cent of consumers who are 75 years and older. The ‘Cisco 2023 Consumer Privacy Survey’ says […]
