About INgene blog : First ever Indian Youth trend Insights blog

About INgene : First ever Indian Youth trend Insights blog:
This blog explores the detailed characteristics of Young-India and explains the finer & crucial differences they have with their global peers. The blog also establishes the theory of “adopted differentiation” (Copyright Kaustav SG,2007) and how the Indian & Inglodian youth are using this as a tool to differentiate themselves from the “aam aadmi” (mass population of India) to establish their new found identity.

The term youth refers to persons who are no longer children and not yet adults. Used colloquially, however the term generally refers to a broader, more ambiguous field of reference- from the physically adolescent to those in their late twenties.
Though superficially the youth all over the world exhibits similar [degree of] attitude, [traits of] interests & [deliverance of] opinion but a detailed observation reveals the finer differential characteristics which are crucial and often ignored while targeting this group as a valued consumer base. India is one of the youngest countries in the world with 60% of its population less then 24 years of age and is charted as the most prospective destination for the retail investment in the A. T. Kearney’s Global Retail Opportunity Report, 2007. With the first ever non-socialistic generation’s thriving aspiration & new found money power combined with steadily growing GDP, bubbling IT industry and increasing list of confident young entrepreneurs, the scenario appears very lucrative for the global and local retailers to target the “Youngisthan” (young-India). But, the secret remains in the understanding of the finer AIOs of this generation. The Indian youth segment roughly estimates close to 250million (between the ages of fifteen and twenty-five) and can be broadly divided (socio-psychologically) into three categories: the Bharatiyas, the Indians & the Inglodians (copyright Kaustav SG 2008). The Bharatiyas estimating 67% of the young population lives in the rural (R1, R2 to R4 SEC) areas with least influence of globalization, high traditional values. They are least economically privileged, most family oriented Bollywood influenced generation. The Indians constitute 31.5% (A, B,C, D & E SEC) and have moderate global influence. They are well aware of the global trends but rooted to the Indian family values, customs and ethos. The Inglodians are basically the creamy layers (A1,A SEC) and marginal (1.5% or roughly three million) in number though they are strongly growing (70% growth rate). Inglodians are affluent and consume most of the trendy & luxury items. They are internet savvy & the believers of global-village (a place where there is no difference between east & west, developing & developed countries etc.), highly influenced by the western music, food, fashion & culture yet Indian at heart.

Tuesday, April 19, 2011

Nokia has lost the "cool" among the youth in India

Nokia is loosing grip over the mobile market in India (for last 2 years) and has already gone off from being either cool or staple among youth.

here's some facts as per Mobilepundit:
  • Nokia’s market share reduced from about 64% in 2008-09 to nearly 52% in 2009-10Link
  • Samsung gained from 10% to above 17%
  • In the past 3 years, Micromax, Spice and Karbonn have emerged from nowhere to become number 3, 4 and 5 respectively
  • Nokia India, which is second biggest market for the company after China, contributed Rs 18,000 crore to the company’s worldwide sales in 2009
  • The Indian mobile handset market has grown by 30.17 % from 116 million handsets in 2008, to 151 million handsets in 2009, as per Analysys Mason data
  • As per a CyberMedia Research report, the Indian mobile handset market will grow 25% by volume in 2011 to 210 million units with smartphones contributing sales of nearly 12 million units in 2011
More information at : http://business-standard.com/india/news/reconnect/432525/

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