3. Indian Middle Class
A recent study by CNN--IBN and the Hindustan Times
suggested a simple consumer based criterion for
membership of the middle class: ownership of a
telephone, a two or four wheel (motorized)vehicle, and
a colour television. Under this definition, the middle
class makes up nearly 20 per cent of the population
i.e.200m people.
Consists of people earning between 3 lakh to 15 lakh
per year.
4. Needs Of Consumers
Lucrative Items:-
Cars
Cell Phone
Air Travel.
Weekend Outings:-
Dinner
Movie
Following Western Trends:-
For Dresses
Furniture's
Decoration etc
5. increasing income levels of middle class.
Bulk Buying
Stylish Life style
Consumers willing to Spend money to save time.
Various Companies Launch their products with easily available EMI .
Lots Of bank in for finance and loaning for almost every thing, like home loan
,car loan ,personal loan etc.
6. IMPLEMENTATION OF
NEED
LUXURY AT A LOW COST.
DELIGHTING CONSUMER’S
ADVERTISEMENTS
EXPANSION OF CREDIT CARD AMOUNT AND
SERVICES.
ONLINE SHOPPING
SEASONAL OFFERS
7. PROBLEMS FACED BY
CONSUMERS.
PRODUCERS AND SELLERS CHEAT
CONSUMERS.
PRODUCT ARE SOLD AT HIGHER RATE IN
SEASON.
EXPIRED AND UNHEALTHY PRODUCTS ARE
SOLD.
BILLS ARE NOT GIVEN.