India's middle class was the worst hit by continuous slump of the Indian ruppee against the U.S. dollar, whose exchange rate dipped to a record near 60 to one on Thursday, according to a survey published Thursday. The country's middle class has been forced to cut back on eating out, buying branded products or new cars and studying abroad as their monthly expenditure has risen by 20 percent, according to a study by Association of Chambers of Commerce and Industry of India (Assocham). The price rise of petroleum products, edible oil and foreign trips were also greatly affecting the life of the middle class, according to the survey.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor