COMPAMIR
High-Purity Fact Pipeline
© 2026 COMPAMIR | Verified Intelligence
High-Purity Fact Pipeline
Indian middle class consumers
India
June 5, 2026
"Rising fuel prices and inflation are causing India's middle class to cut back on discretionary spending. Retail sales growth in April slowed to 7%, down from 10% in March. The economic slowdown is attributed to the Middle East conflict and rising import costs for crude oil."
Author: Edward Luce
This book provides a comprehensive analysis of India's economic structure, the volatility of its growth, and the vulnerabilities of its middle class to global energy price shocks, offering essential context for the current slowdown.