By A recent industry report has revealed that billions of Indians lack sufficient purchasing power, highlighting a major economic challenge for the country. Despite being one of the world’s fastest-growing economies, a large portion of the population struggles to afford even basic goods and services. Rising inflation, stagnant wages, and high unemployment have further widened the gap between economic growth and individual financial stability.
The report emphasizes that low purchasing power is affecting multiple sectors, from retail and consumer goods to real estate and automobiles. Many industries are witnessing slower demand as a significant portion of the population cannot afford non-essential items. Even essentials such as food, healthcare, and education are becoming increasingly difficult for lower-income groups to access, exacerbating economic inequality.
Experts suggest that boosting income levels, creating more job opportunities, and implementing policies to control inflation are crucial to addressing this crisis. Without urgent intervention, the lack of purchasing power could slow down economic progress, affecting businesses, investment, and overall national growth. The report serves as a warning that while India’s economy may be expanding, its benefits are not reaching the majority of its people.
