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Challenges before marketing
No doubt, in tune with the harsh reality of India's socio-economic
situation, marketing and economic studies tend to focus sharply on the two
basic problems of the country — poverty and unemployment. A recent marketing
survey aimed at consumer preferences has done precisely that. The study
offers an insight into the complexity as well as opportunities and
challenges of understanding the market. Poverty and unemployment were
identified as the country's "two leading problems" by 46 per cent and 26 per
cent of respondents, respectively. The political and social institutions in
which Indians expressed a lot of confidence were the armed forces and the
Supreme Court. It is another matter that judicial redress in the country has
become an expensive and time-consuming process.
The marketing survey was based on over 5,000 in-person interviews conducted
in 144 villages and 84 towns and cities across the country. For a country of
a thousand million people, the sample of 5,000 persons may not sound
representative after all but then with sound sampling it is possible to get
the best results. As for brand identification, the survey has discovered
that many of the global brands are yet not known to Indian consumers. This
is also quite understandable when one considers the size of the country as
well as the rampant illiteracy, poverty, and unemployment. Even in such a
situation, however, three brand names that stood out in people's minds were
reportedly Bata, Colgate and Philips -- 64 per cent, 61 per cent and 53 per
cent, respectively, of the respondents identified these brands.
One aspect of the survey nevertheless may act as a dampener for the
champions of globalisation. That aspect is the much-publicised onset of
integration of India into the global market. The Gallup Organisation and
Gallup India survey has discovered that there was a general preference in
the country for goods produced by Indian firms. At the same time, 63 per
cent of respondents indicated that they preferred high quality products with
lasting value. While such surveys are not to be taken as Bible, the fact is
that they do work as some kind of an indicator of the people's preferences.
Copyright © 1997 Indian Express Newspapers (Bombay) Ltd.
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Infrastructure Bond Issue
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