Inflation Tests Consumers' Budgets; Economic Slowdown Visible? | India Tonight | ET Now
4A Nielsen report says nonfood consumption is declining. Volumes are lower compared to pre covid levels. Apparel companies also had a muted December quarter. Footwear maker Relaxo's revenue also slipped almost 10 percent. Why is the discretionary demand not picking up? Is it the constant rate hikes since May last year? Is Indian economy - the bright spot - slowing down amid global headwinds? On this edition of India Tonight, ET NOW's Vikram Oza caught up with Mitali Nikore, Founder & Economist of Nikore Associates; Madhavi Arora , Lead Economist at Emkay Global; and Shirish Pardeshi, Senior FMCG Analyst at Centrum Broking to discuss the slowdown in India's FMCG market. Tune in to this episode for more.
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