Last updated: 18 august, 2009 - 16:11 GMT

India's middle classes reign in spending

Indian women look at bangles

If you just look around you, it'll be obvious that the way we act and maybe the way we think has changed. In lots of places, addiction to spending has become an aversion.

So just what are we cutting back on, and is it a permanent change or just post-binge remorse?

In this week's Taking the Pulse of the Global Economy, BBC reporters and correspondents bring you the big picture, plus a few telling vignettes from around the world.

In India, the recent growth rate of 9% has slowed dramatically to about 6% this year. It is a rate of growth that most countries would be pleased with, but it is still below what people in India are used to, so they are cutting back.

To play this content JavaScript must be turned on and the latest Flash player installed.

Play in either Real OR Windows Media players

First broadcast 11 August 2009


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.