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Wealth inequality in India soars, with only 130-140 million forming the consuming class.
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.
Wealth inequality has risen, with the top 10% holding 57.7% of national income.
Brands are focusing on luxury goods for the wealthy rather than mass-market products.
The central bank's restrictions on unsecured lending and job displacement due to automation are further impacting middle-class spending.
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La desigualdad de riqueza en la India se eleva, con solo 130-140 millones formando la clase consumidora.