The changes in customer preference is pitting India’s traditional snacks like Aloo Bhujia, murukku, makhane and more against international brands like Lays, Bingo and Pringles. While this may come off as a comparison of apples and oranges, it does stand true.
Strong distribution, wide flavour range at varied price points and aggressive promotion are some of the leading drivers for Pepsico and ITC strong portfolio and market dominance.
The stronghold of the top players is gradually declining with #consumer preferences shifting to mid-size players like DFM Foods, Balaji Wafers, Pratap Snacks, and others. The Indian ethnic snack market is led by Haldiram, with IPO-bound Bikaji one of the top contenders.
The data shared in the earlier tweet does not include the unbranded Indian snacks or the desi namkeens that are usually sold in small kirana stores, chai tapris and other such stores.
A report by ICICI Securities mentions that the desi namkeen segment has been losing out on their #market too due to four factors — flavours, pricing, consistent availability and convenience of buying of Western brands.
There is no doubt that the demand for regional #snacks is increasing pan-India, especially due to urbanization and #migrant spreads. But the demand for Western products is increasing much faster.
Packaged and branded food items (except frozen) like meat, fish, crud, paneer, honey, dried leguminous vegetables, dried makhana, wheat and other cereals, wheat or meslin flour, jaggery, puffed rice (muri) have been brought under #tax slab under the five percent slab.
Hotel rooms under ₹1,000 per day, which were not taxed earlier will now attract a 12 percent #tax. Non-ICU hospital rooms under ₹5,000 per day, that were exempted from #GST will now be charged with a five percent tax.
With the pandemic & the #RussiaUkraineConflict, global economies have been affected by too many factors that have made central banks alter the course too many times, resulting in confusion over which way the economy will go and the shape of recovery.
Experts around the world have been worried about #recession and #stagflation — a combination of slow growth, inflation and unemployment. But now, analysts at UBS suggest things are looking up, stating that the global economy could be staring at ‘slowflation’ and not stagflation.
There is one misfortune of being born to powerful and charismatic men, the constant comparison. #UddhavThackeray has always been known as the son of #BalasahebThackeray, the founder of #ShivSena — even when he held the numero uno post in the state of Maharashtra.
In his younger days, #UddhavThackeray was known more for his photography skills, which led him to branch off into an advertising business – proving that he inherited his father’s artistic skills. Balasaheb was a well-known cartoonist in his younger days.
The #G7 is an international association of the world's ‘advanced’ economies, which dominate global commerce and the international financial system. G7 formed the association in 1975 and includes Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.
#Russia joined the G8 in 1998 but was booted out in 2014 over the annexation of Crimea.
The #G7 has strengthened international economic and security policies and progressive discussion of crucial global issues such as climate change and gender equality.
Interisano's winning photo was taken in the Ontario, #Canada, town of Niagara-on-the-Lake.
"I thought it was my car that had caught their attention as I rounded the corner, and maybe it had at first," the amateur photographer told Picfair of the #animals in his photo.
#MukeshAmbani has resigned as the director of #RelianceJio effective June 27, and appointed his eldest son #AkashAmbani as the chairman of the board. The elevation of the Brown university-graduate has been speculated for a long time.
Akash has been a part of multiple announcements associated with the company like the launch of #RelianceJio in 2016. The 30-year-old is known to have played a pivotal role in the important deal between the telco and tech major Facebook.