A recent video on the super high sugar content of Bournvita by a social media influencer went viral. The Mondelez India-owned health drink company dismissed charges of excessive sugar content, calling the video "unscientific" and accusing it of "distorting facts and...
Some Exciting News
Some Exciting News
Let’s start off with something encouraging, shall we? According to data made public by the Ministry of Statistics & Programme Implementation (MoSPI), India’s retail inflation rate reduced slightly from the previous month and continued to fall below the Reserve Bank of India’s (RBI) comfort zone of 2%-6% for another month.
In December, the inflation rate based on the Consumer Price Index (CPI) decreased to 5.72%. Lower food costs, especially the decline in vegetable prices, contributed to keeping inflation within the acceptable range.
Let’s talk about another very significant development. As many of you must already be aware, India has surpassed China as the world’s most populous nation. India’s population was 141.7 crore by the end of 2022, according to forecasts from the World Population Review (WPR). That’s just over 50 lakh more than China’s 141.2 crore estimate from January 17.
India, a nation where 50 percent of people are under 30, is predicted to have the fastest-growing major economy in the world. The UN predicted that the milestone will be attained this year.
The third-largest economy in Asia currently produces enough food for itself. It is the second-largest producer of rice, wheat, and sugar. In addition to being the biggest user of sugar, it is the biggest importer of edible oils. India ranks second in terms of steel and gold consumption and is the third-largest market for the purchase of crude oil. It is also the third-largest domestic aviation market globally.
India is growing by leaps and bounds and is also becoming economically stronger day by day. India is projected to be one of the fastest-growing major economies in the world. Morgan Stanley has said that India’s GDP is likely to more than double by 2031- from the current $3.5 trillion to $7.5 trillion.
I hope you have loved reading the editorial and will continue to support us in bringing the best, interesting and informative articles for your perusal. In the meantime, keep reading the articles we have brought you this month. We discuss D&O Insurance, Solar Rooftop Systems and many more. Do share your thoughts at info@consumer-voice.org.
Until then, happy reading!
Pallabi Boruah
Editor
All Editorials
Controversies and many more
Is India Growing?
The Union Health Ministry is preparing to alter the Cigarettes and Other Tobacco Products Act, a significant step that will require OTT (over-the-top) platforms or streaming services to display health warnings during smoking scenes in motion pictures and Web series...
An efficient and easy to use screening kit for cervical cancer: A need of the hour
Cervical cancer is cancer of the cells in the cervix. It occurs when cervix cells start to transform into precancerous cells. It is the fourth most frequent female malignancy, which accounted for more than 600,000 new cases and 342 thousand deaths globally in 2020...
‘India: Growing by leaps and bounds’.
Let's start off on a positive note, shall we? An International Monetary Fund (IMF) official predicted that India would contribute 15% to world growth in 2023. In the approaching year, it is anticipated that China and India will each contribute 50% to global growth...
Some Exciting News
Let’s start off with something encouraging, shall we? According to data made public by the Ministry of Statistics & Programme Implementation (MoSPI), India's retail inflation rate reduced slightly from the previous month and continued to fall below the Reserve...
A New India
Let’s start off with some good news, shall we? According to the most recent monthly Refinitiv-Ipsos Primary Consumer Sentiment Index (PCSI) report, consumer sentiment among urban Indians has improved and increased by 1.1 percentage points in December 2022. Amit...
Changing demographics in India
Let’s start off with some good news, shall we? According to the trade group Consumer Electronics and Appliances Manufacturers Association (CEAMA), the Indian Appliances and Consumer Electronics (ACE) market is anticipated to nearly double over the next three years,...
Dynamic subtle changes in India
The Unified Payments Interface (UPI) has changed the country's payment system, thereby promoting economic growth. Since UPI was first launched, life has become easier. UPI is currently accepted everywhere, including by taxi drivers, valet parking services, malls, toll...
Positive Economic Outlook
23 per cent of the world's milk production is contributed by the dairy sector of India. It ranks first across the globe. But the rising cases of the Lumpy Skin Disease have thrown the nation out of gear. The lumpy skin disease is a viral infection commonly occurring...
Pharmaceutical Industry and Ethical conducts- Allegations on Dolo 650
Since the incident of Covid-19 and the high speed spread of infection in the second quarter of 2020 in our country, Dolo-650 has become a household name. It is an antipyretic pill which is manufactured using one of the most common, and oldest, generic formulations...
Plastic Straw Ban On: Fight against Pollution
The Central Government has banned 19 single-use plastic items from July 1, including straws. This ban has led to companies including Dabur India Ltd. and Parle Agro Pvt, racing to replace them with imported paper versions. Of the 380 million tons of plastic produced...
Agneepath and Agniveer: In a Nutshell
In a historic decision by the Union Cabinet, an attractive recruitment scheme for Indian youth to serve in the Armed Forces has been introduced with the name AGNEEPATH. The youth selected under the Agneepath scheme will be categorised as Agniveers. With the...
Cut in Fuel Prices, Subsidy on Cylinders: Easing the Burden
With the announcement by Finance Minister Nirmala Sitharaman of the cut in fuel prices, the citizens of India as a whole heaved a sigh of relief. With the price of petrol coming down by ₹ 9.5, diesel getting cheaper by ₹ 7, it is a sharp cut in central excise duty on...
E-commerce complaints tops list in national consumer helpline
Out of the almost 60,000 odd complaints that reach the central government's national consumer helpline (NCH) every month, about 36% is for e-commerce. In 2020, the national helpline received 6, 54,192 grievances of which 28.5% was e-commerce related issues. Banking,...
Is the Budget 2022 Middle Class Friendly?
The Finance Bill 2022 presented by India's Finance Minister Nirmala Sitharaman on February 1 announced measures for a number of sectors. It aimed at boosting growth amidst growing inflation added with the uncertainties of the Covid-19 pandemic. PM Modi hailed the...
Why India is so cryptic about crypto?
Well, true! Cryptos have been quite popular in India and now with the imposition of 30% tax on all digital incomes including NFTs (Non-Fungible Tokens) and cryptos made the investors community lose a heart again. My introduction to crypto happened just a few...
The other Covid Effets
When we just thought we are in the endemic stage and the worst is over, we’ve variant, Omicron now. It has hit the world. India too has reported 21 cases so far including 7 in Jaipur, 1 in Delhi, 11 in Maharashtra and 2 in Karnataka as I write this piece. I’m sure the...
Festivals lighted up consumption. But will it last?
Festivals, especially Deepawali, the festival that Indians observe to celebrate the return of Ram from his 14 years of exile reminded us of the triumph of good over evil. Indians across the regions celebrate the day differently, however, the ethos across the country...
Veganism and India
FSSAI’s recent Vegan logo announcement is a remarkable development in the popularity of vegan foods in India. Going by different reports, it comes to a surprising fact that there was a 47% rise in the vegan related searches in the year 2020. The growing interests for...
Is the pandemic over now? Is normal consumer behavior about to happen?
Is the pandemic over now? Is normal consumer behavior about to happen? Going by the data, it’s not. And a few parts of the country have been witnessing a surge in the Covid cases including Maharashtra, Kerala, Tamil Nadu, Karnataka and Assam. For the rest of India, it...
What can we learn from Olympians?
What can we learn from Olympians?To be resilient should be the first lesson irrespective of what work you are doing. Irrespective of the time and severity, you will be knocked down at some point and the mental strength to bounce back and punch a blow on the "face of...
Reaching the inaccessible
Atul, a boy in grade 5 used to be a bright and talented student until the pandemic began. Due to the closure of schools, he like many of his friends were unable to continue classes and studies. His mother who used to work in a nearby shoe factory had to give up her...
The Vaccination Mirage
There was a popular tweet doing the rounds lately. It said, India’s vaccination drive is like going for a marriage. At first, the groom wasn’t ready for it, then there was no suitable match and then the groom, because of not getting what he wanted, had to settle with...
ASCI and government guidelines are both yes and no for consumers on how they are maneuvered
The recent guidelines announced by the Advertising Council of India (ASCI) has created a lot of buzz among the brands, influencers, agencies and consumers. While the majority section of the stakeholders is saying this new guideline is going to bode well with the new...
Why consumption is good
There is an amazing capacity of consumption. I feel, we consumers are the happiest souls when we consume something of our choice. Be it a slice of pizza, driving a newly launched SUV, consuming content (print and digital both or mere a book). The bottom line is- our...
Stories of hope in pandemic
The deadliest is again on us. It is dangerous than ever before, took lives of thousands already and showing no sign of settling soon. Where there are numerous stories floating every day on nonavailability of many healthcare facilities, medicines, oxygen and doctors;...