sports
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India Isn’t Spending Less. It’s Spending Differently.
We’ve grown up in a world where consumer spending meant FMCG. So when FMCG growth slows, we instinctively conclude that consumers are not spending. But that’s a lazy conclusion. The Household Consumption Expenditure Survey (HCES) 2023-24 provides a clue – the share of food has fallen sharply, while non-discretionary spending has risen. However, generic words… Continue reading
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You Can’t Bet Against Human Nature
Since time immemorial, humans have gambled. In Harappa, Mohenjo-Daro and other places, numerous dice were found. Our ancestors enjoyed games of strategy and chance in 2500 BC. In ancient Greece, Rome, Japan, China, and elsewhere, people loved bets and wagers, even punting on gladiator contests and animal races. But throughout history, rulers and governments have… Continue reading
