Billion Indians have no spending money - report
India is home to 1.4 billion people but around a billion lack money to spend on any discretionary goods or services, a new report estimates.
The country's consuming class, effectively the potential market for start-ups or business owners, is only about as big as Mexico, 130-140 million people, according to the report from Blume Ventures, a venture capital firm.
Another 300 million are "emerging" or "aspirant" consumers but they are reluctant spenders who have only just begun to...