Retail stocks set for re-rating as consumer spends improve
Growth in the retail sector is expected to pick up in the first half of fiscal 2021.
Consumers spending more on services than merchandise: Arvind Singhal, Technopak
There is going to be pressure on the spending on merchandise,...
Consumer spending good in Q3, to be even better in Q4: Arvind Singhal, Technopak
October to December 2019 has been a very good quarter as far...
Consumer spending in slow lane, but retail credit sees 16.6% growth
Of the incremental retail loans disbursed by the banks in the year, a chunk was to buy pools or packages of loan receivables of non-banks.
Consumer spend survey won’t be released: Ministry
A media report citing a National Statistical Office (NSO) survey titled, ‘Key Indicators: Household Consumer Expenditure in India,’ showed that the average amount spent by an Indian in a month fell 3.7% to Rs 1,446 in 2017-18 from Rs 1,501 in 2011-12. Consumer spending declined 8.8% in 2017-18 in villages, it rose 2% over six years in cities, it said.
Consumer spending declines for first time in four decades
The most disconcerting bit to economists was the fall in food consumption for the first time in decades.
No decline in household consumer expenditure: Govt
Speaking about a draft consumer expenditure survey (CES) report for 2017-18, the minister said the government has not published the report from the Central Statistics Office (CSO) as concerns were raised about its "ability and sensibility". The minister noted that the report has neither been accepted nor rejected.
US gains a robust 266,000 jobs; unemployment falls to 3.5%
The healthy job gain runs against a widespread view that businesses are struggling to find workers with unemployment so low. Persistent hiring should help keep consumers spending - a key engine of growth as businesses have cut their investment spending and exports have stalled.
India's economic growth falls to 4.5% in July-September from 7% year ago
India's gross domestic product (GDP) growth for the three months ending September 2019 (Q2FY20) fell to 4.5%, down from 5.0% in the previous...
Over 200 economists, academicians ask government to release NSSO data, reports
The economists and academicians who issued the statement, include A Vaidyanathan and Abhijit Sen (former members of erstwhile Planning Commission), Biswajit Dhar (JNU), Dilip Mookherjee (Boston University), Maitreesh Ghatak (LSE), Prabhat Patnaik (Emeritus Professor, JNU), and Thomas Piketty (Paris School of Economics).
View: Govt and NSSO should not hide data, but make them public to improve them
Now, the Modi government has announced not to release the 2017-18 NSSO survey. These are bad practices.
Right to information practised by govt: Chidambaram's dig over economic data 'suppression'
The former finance minister's remarks come after a media report cited the latest consumption expenditure survey by the National Statistical Office (NSO) to claim that consumer spending fell for the first time in more than four decades in 2017-18, primarily driven by slackening rural demand.
Perception in country that Centre leading to 'starvation-like situation': Congress
The Congress said Saturday there is a perception that the government is leading the country towards a "starvation-like situation", a day after an official survey reportedly pointed to a fall in consumer spending.
Indian firms to delay spend in transformation, total IT spending to reach $94 billion in 2020: Gartner
“They (organisations in India) may delay those investments given the environment especially in the manufacturing sector because that is going through a very tough time, customer experience related transformation initiatives can be put on hold or go slow. “It will be harsh to say they are not going to put in money in transformation,” said Gartner.
Consumer spending on technology to hit $1.69 trillion in 2019: IDC
An International Data Corporation (IDC) report has said consumer purchases of traditional and emerging technologies will remain strong over the 2019-2023 forecast period, reaching $2.06 trillion in 2023
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service