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India: A billion people have no real money to spend, says report

Billion Indians have no spending money - reportNikhil Inamdar, BBC News, MumbaiGetty ImagesFrom ceiling fans to jewellery, branded goods are capturing a bigger share of the Indian marketIndia 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 rep...

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