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flag Wealth inequality in India soars, with only 130-140 million forming the consuming class.

flag A report by Blume Ventures indicates that about a billion Indians cannot afford discretionary spending, while only around 130-140 million form the consuming class. flag Wealth inequality has risen, with the top 10% holding 57.7% of national income. flag Brands are focusing on luxury goods for the wealthy rather than mass-market products. flag The central bank's restrictions on unsecured lending and job displacement due to automation are further impacting middle-class spending.

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