Enough data points to the inability of this class to lead a consumption boom, a la China’s. The consequences of this may be significant. India’s economic emergence simply can’t afford to leave such an ...

The latest data from NielsenIQ indicates that rural areas have become the primary driver of consumption growth in the FMCG sector. This is a reversal of previous trends where urban centres led growth.

As per Retail Consumption trends by CMS, average spending in the FMCG sector increased by a robust 16.76% in FY24 with a remarkable consumption recovery after witnessing a decline of 21.94% in FY23.

Data center energy consumption is likely to more than triple, exceeding 600 terawatt-hours, by 2030 in the United States, home to the world’s largest concentration of centres.

That growth could lift data centres’ share of domestic electricity consumption to more than 3 per cent by the end of the decade from 0.5 per cent today, according to a November report by Nomura.