Consumer News

Consumers are planning to spend on personal care and clothing, recreation, entertainment and leisure travel. Electronics and home furnishings and restaurants are other areas where consumers are likely to spend money.

Modi said it is the vision of the government to move ahead from consumer protection towards best consumer practices and consumer prosperity. 

Riding high on an uptick in the economy and improving perception of job prospects, coupled with steady lowering of interest rates, consumer demand may soar 40 percent in the ongoing festive season, according to an Assocham report.

Consumer sentiments in India fell marginally last month, offsetting January's rise as consumers reported a further deterioration in their personal finances and saw little hope of a turnaround

With reinforcing sentiment on job security and income recovering, consumer spending in India is likely to improve in coming few months, a study said.

US consumer spending fell in December in the midst of the key year-end holiday shopping season, while their incomes continued to grow, Commerce Department data released Monday showed.

Philips, the Dutch conglomerate that started life making light bulbs 123 years ago, is splitting off its lighting business in a bold step to expand its higher-margin healthcare and consumer divisions.