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Billion Indians have no spending money (www.bbc.com)

submitted 1 year ago by ChippiChappa@ani.social to c/world@quokk.au

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India is home to 1.4 billion people but around a billion lack money to spend on any discretionary goods or services, a new report estimates.

The country's consuming class, effectively the potential market for start-ups or business owners, is only about as big as Mexico, 130-140 million people, according to the report from Blume Ventures, a venture capital firm.

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[–] Evil_Shrubbery@lemm.ee 2 points 1 year ago* (last edited 1 year ago)

While pointing to some obvious issues, this metric is very much from the financial aspect pov.