Critical Study on Malpractices & Unfair Trade Practices and Consumerism in India

Consumerism is the idea which increases the consumption of goods and services purchased in the market, have desirable goal and that a person's wellbeing and happiness depend fundamentally on obtaining consumer goods and material possessions. In an economic aspect, it is related to the Keynesian idea that consumer spending is the key driver of the economy which encourage consumers to spend is a major policy goal. As per this view, consumerism is a positive phenomenon that fuels economic growth. This paper reflects critical study on Malpractices & Unfair trade practices and consumerism in India.