Is India’s Middle Class Shrinking? Understanding the Growing Economic Strain on FMCG Consumption
Is India’s Middle Class Shrinking? Understanding the Growing Economic Strain on FMCG Consumption Highlights: The State of India’s Middle Class India’s Middle-class spending trends have traditionally driven economic growth, especially in sectors like fast-moving consumer goods (FMCG). However, a shift is becoming evident as economic pressures from inflation, unemployment, and rising taxes impact spending habits….
