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>Families are even skimping on the 7-cent packets of Parle biscuits that are a staple of India’s morning milk and tea. They are turning instead to even cheaper
by forgotmypw 7y ago
>Families are even skimping on the 7-cent packets of Parle biscuits that are a staple of India’s morning milk and tea. They are turning instead to even cheaper snacks made by local food vendors, according to Mayank Shah, a Parle executive. Biscuit sales are down about 8 percent, he said, and if current trends continue, the company may cut as many as 10,000 jobs.
Sounds like grave news for the "economy", and good news for India's next seven generations of humans and their habitat.
- DrKabab 7y agoHow is this good for future generations?
- forgotmypw 7y agoA smaller portion of their habitat will be ground up and reshaped into factory farms.
- tmbsundar 7y ago"Parle denies reports of 10,000 job losses, calls for rational tax structure on biscuits" "The facts have been hyped by the media. The condition of job loss is actually an eventuality if our demand for lesser tax rates is not met," Mayank Shah told ANI." [1] [1] http://www.newindianexpress.com/business/2019/aug/27/parle-denies-reports-of-10000-job-losses-calls-for-rational-tax-structure-on-biscuits-2025012.html http://www.newindianexpress.com/business/2019/aug/27/parle-d... This is how bad the "factual" NYT media coverage about the whole thing is. BTW, consumption of higher value biscuits/ cookies have gone up.[2] [2] https://economictimes.indiatimes.com/industry/cons-products/fmcg/cookie-demand-grows-while-biscuit-sales-slow/articleshow/70851123.cms?from=mdr https://economictimes.indiatimes.com/industry/cons-products/...