New Delhi, Feb. 28 -- Online travel aggregator Ixigo's co-founder, managing director and group CEO Aloke Bajpai on Friday dismissed a recent report that indicated that a billion Indians have no money to spend, saying that the report is "completely bunk".

"The recent BBC report with a title that says a billion Indians have no real money to spend is completely bunk," Bajpai said in a post on X.

The Ixigo co-founder suggested asking any company that focuses on India 2 and 3 to understand it is the "most myopic view of the Bharat opportunity".

"All you have to do is talk to some NBU (India-2/3) focused companies like ourselves as well as folks at Nestle, Dabur, Unilever, HUL, D-Mart, and others to understand why that is the most myopic vie...