Worry for Bush: Indians spend $20m on pet food- Hindustan Times

US President Saint George Tungsten Shrub have ground to be a disquieted man. Not only are some Indians feeding more and better, and drive up nutrient prices, even their domestic dogs and true cats are doing better. Indians spent $20 million in eating their pets in 2004 â€" A figure that went up to $29 million in 2007.

By comparison, Americans spent $15.2 billion in eating their true cats and domestic dogs last twelvemonth as opposing to $13.8 billion in 2004, euromonitor.com said. But, the distressing factor for President Shrub could be that Indians are joining the race to purchase packaged pet food.

More entrants to the Indian center social class have got pets â€" all this mightiness pushing up the terms of domestic dog and true cat nutrient in the US.

“A surging center class, in progress free-market reform, double-digit increases in domestic dog ownership…guarantee strong public presentation in this emerging marketplace for the foreseeable future,” Petfood 2011: the planetary mentality said.

“Local operators prognosis a growing charge per unit of 25-35 per cent per twelvemonth for at least the adjacent two years, with the most growing at the economy-end of the product-pricing spectrum as more than mid-level consumers displacement from homemade to prepared pet food,” the June 2007 study said.

The other key factor in India’s rapid growing is the strong function of veterinaries in educating consumers and merchandising pet food, with veterinarians currently accounting for as much as 44 per cent of gross sales of commercially prepared foods, it added.

Speaking in Show Me State on May 2, President Shrub had said there was increasing demand for nutrient worldwide, which caused a spike in prices. “There are 350 million people in Republic Of India who are classified as center class. That’s larger than America…and when you begin getting wealth, you begin demanding better nutrition and better food.”