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Sharp Slowdown In Urban Consumption | Top headlines on 5th November 2024 | Top Of The Morning | English Podcast

Recent earnings reports from big consumer companies like Nestle India, HUL, and Maruti Suzuki highlight a sharp slowdown in urban consumption, posing a potential threat to India's economic growth. This quarter, the fast-moving consumer goods sector saw growth shrink from 10.1% to just 2.8%. The slowdown isn't just due to a heavy monsoon; deeper issues like stagnant urban incomes and high food inflation are tightening consumer purse strings, particularly affecting the middle class.

Multi-speciality hospitals are now passe — private equity investors now want single-specialty medicare centres. This is because patients are typically seeking higher standards of service, and such specialised hospitals are started by well-regarded doctors.

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