Page 2 - Urban Consumption

After 5 quarters, rural FMCG consumption outpaces urban: NIQ report

While there is a consumption slowdown in urban markets and modern trade channels, rural markets and traditional trade registered an uptick, said NIQ

Consumer sentiment of urban Indians dips to a 4-month low, shows data

Rural consumer sentiment is at its highest level thus far in 2024

Delhi LG Saxena orders termination of two non-official members of DUSIB

Delhi Lieutenant Governor V K Saxena has ordered the termination of two non-official members of DUSIB who were serving as expert members without any requisite qualification in urban planning, Raj Niwas officials said on Thursday. Saxena issued the directions in the exercise of his powers under section 4(2) of the DUSIB Act, 2010, they added. However, the Delhi government later issued a statement saying the appointment of Delhi Urban Shelter Improvement Board (DUSIB) members lies in the domain of the elected government and not the LG. Raj Niwas officials earlier said that of the two officers whose services were ordered to be terminated, one has been serving as an expert member of DUSIB for nine years while the other was appointed as a non-official member on March 9, 2022. Both were drawing hefty remunerations in contravention of the law, they added. Saxena also sought a panel of fresh names for expert members who fulfil the requisite qualifications within a week, an official said.

Freeing urban commercial spaces

Leasehold property deeds are hindering the commercial development and growth of urban areas

After CLSA, Goldman eyes 'affluent India' play and identifies key themes

Identifies key themes like leisure, jewellery, out-of-home food, healthcare and premium brands as growth areas

Urban consumption likely to propel India's GDP growth in July-September

Besides, the index of industrial production (IIP) also grew at a robust pace of 7.34 per cent during the quarter, along with a robust 13.9 per cent growth in electricity demand

ADB approves $ 400 mn loan to support govt's urban reform agenda

The Asian Development Bank (ADB) has approved a USD 400 million loan to support the Indian government's urban reform agenda for creating high-quality urban infrastructure and efficient governance systems. The programme also envisages integrated urban planning reforms to control urban sprawls and foster systemic and planned urbanisation through enhancing the entire ecosystem of legal, regulatory, and institutional reforms along with capacity building of ULBs and community awareness, ADB said. "The Asian Development Bank (ADB) has approved a USD 400 million policy-based loan to India for Sub-programme 2 of the Sustainable Urban Development and Service Delivery Programme. "The programme aims to support the government's urban reform agenda for improving the quality of urban life through the creation of high-quality urban infrastructure, assured public services, and efficient governance systems," ADB said. While Subprogramme 1, approved in 2021, established national-level policies and .

Recovery signs in rural consumption, but stress remains: Kantar report

Household consumption has also grown on the back of the return of atta into shoppers' baskets, after the government halted the free grain distribution scheme

Rural growth outpaces urban demand, trend to continue 6 months: Pidilite MD

Rural growth, which was lagging after the pandemic, has outpaced urban demand and this trend is likely to continue over the next six months led by a good monsoon, Pidilite Industries Managing Director Bharat Puri said. Moreover, as the inflationary pressure cools down after two years of volatility, Puri said now he sees 'stability' in input prices, which is providing him with a lot more elbow room to invest back into the marketplace. Puri says he is "increasingly optimistic" as he looks forward as there is clearly increased construction activity, leading to good demand. The company, which recently entered into the Paints market and has a presence in 2-3 states, would expand further to other markets based on consumer responses. It is an organic business for Pidilite, which will grow steadily, he added. When asked about the current quarter (July-September), Puri said there has been disruption at some places due to rains. "Q2 up to now has been a very unnatural quarter simply because

Urban markets pull demand for daily groceries and essentials up in Q4

The quantity of FMCG goods purchased, or volumes, increased 2.1% in rural markets and 5.9% in cities YoY, the report said

Too early to bet on rural recovery; stay selective on FMCG stocks: Analysts

In their quarterly update, Godrej Consumer Products, Dabur, and Marico witnessed sluggish growth in the December quarter (Q3) driven by poor rural consumption and a slowdown after the festival season

Jubilant Food, Bata: Consumption stocks get leg up amid festive boost

Nine-day Navratri festival saw retailers witness the highest footfalls in two-three years across segments such as automobiles, consumer appliances, and apparels

Middle-aged, older people to drive future consumption in India: BCG

Despite the Covid-19 pandemic, consumption will continue to grow at a steady pace, the consultancy says, tripling in size in 10 years

Over 200 global economists seek junked NSO report details from govt

Chorus to make junk NSO report public grows

'Global urban consumption to grow by $23 trn in 15 yrs'

The finding was part of a report by McKinsey Global Institute