{"id":169968,"date":"2025-02-27T19:13:36","date_gmt":"2025-02-27T14:13:36","guid":{"rendered":"https:\/\/kmsnews.org\/kms\/?p=169968"},"modified":"2025-02-27T19:13:36","modified_gmt":"2025-02-27T14:13:36","slug":"over-1b-people-in-india-lack-spending-power-for-anything-beyond-basic-necessities","status":"publish","type":"post","link":"https:\/\/kmsnews.org\/kms\/2025\/02\/27\/over-1b-people-in-india-lack-spending-power-for-anything-beyond-basic-necessities.html","title":{"rendered":"&#8216;Over 1b people in India lack spending power for anything beyond basic necessities&#8217;"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-169971 aligncenter\" src=\"https:\/\/kmsnews.org\/kms\/assests\/2025\/02\/Screenshot-2025-02-27-190855.jpg\" alt=\"\" width=\"667\" height=\"379\" \/>Islamabad: India\u2019s market is a false promise as over one billion people lack spending power for anything beyond basic necessities, making it an unreliable market for broad-based growth.<\/p>\n<p>According to Kashmir Media Service, India\u2019s 300 million aspirant consumers are hesitant spenders, showing the middle class is still in its infancy.<\/p>\n<p>India is deeply unequal, with 10% of the population holding over half the income leading to social instability and limits broad-based growth.<\/p>\n<p>India is obsessed with luxury, focusing on premium goods creates a fragile economy, sidelining the majority who cannot afford such products.<\/p>\n<p>With luxury housing dominating the market and affordable housing shrinking, India faces an increasing housing crisis.<\/p>\n<p>India\u2019s post-pandemic recovery is K-shaped, with the rich getting richer and the poor losing purchasing power, showing the uneven nature of the country\u2019s economic recovery.<\/p>\n<p>The Indian middle class has been decimated by stagnant wages and inflation. With no growth in income and savings, India\u2019s economic engine is on the decline.<\/p>\n<p>India\u2019s declining savings rate signals a deep economic crisis. Households, with low savings and high debt, are vulnerable, showing the fragility of India\u2019s economic foundation.<\/p>\n<p>Rural demand, while momentarily boosted by a good harvest, is not sustainable. India\u2019s rural consumption fails to create structural economic growth, maintaining the status quo.<\/p>\n<p>The $12 billion tax relief is merely a short-term measure. It fails to address deeper structural issues and will have limited impact on the country\u2019s long-term economic trajectory.<\/p>\n<p>Automation is decimating white-collar jobs in India, especially in the IT sector. This leads to job losses, increased unemployment, and a declining consumer base, weakening the economy.<\/p>\n<p>India\u2019s labor displacement due to automation will lead to falling consumption and economic stagnation. With no adequate measures for retraining workers, India\u2019s future economic growth is uncertain.<\/p>\n<p>India\u2019s consumption-driven economy is fragile. As automation reduces jobs and inequality rises, consumption will shrink, pushing India\u2019s economy into a downward spiral with no recovery in sight.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: India\u2019s market is a false promise as over one billion people lack spending power for anything beyond basic necessities, making it an unreliable market for broad-based growth. According to Kashmir Media Service, India\u2019s 300 million aspirant consumers are hesitant spenders, showing the middle class is still in its infancy. India is deeply unequal, with &hellip;<\/p>\n","protected":false},"author":3,"featured_media":169971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,14],"tags":[],"class_list":["post-169968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-black-day","category-india"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/kmsnews.org\/kms\/assests\/2025\/02\/Screenshot-2025-02-27-190855.jpg","_links":{"self":[{"href":"https:\/\/kmsnews.org\/kms\/wp-json\/wp\/v2\/posts\/169968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kmsnews.org\/kms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kmsnews.org\/kms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kmsnews.org\/kms\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/kmsnews.org\/kms\/wp-json\/wp\/v2\/comments?post=169968"}],"version-history":[{"count":1,"href":"https:\/\/kmsnews.org\/kms\/wp-json\/wp\/v2\/posts\/169968\/revisions"}],"predecessor-version":[{"id":169972,"href":"https:\/\/kmsnews.org\/kms\/wp-json\/wp\/v2\/posts\/169968\/revisions\/169972"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kmsnews.org\/kms\/wp-json\/wp\/v2\/media\/169971"}],"wp:attachment":[{"href":"https:\/\/kmsnews.org\/kms\/wp-json\/wp\/v2\/media?parent=169968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kmsnews.org\/kms\/wp-json\/wp\/v2\/categories?post=169968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kmsnews.org\/kms\/wp-json\/wp\/v2\/tags?post=169968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}