Future of Consumption in Fast-Growth Consumer Markets: India
This report explores India's dynamic consumption environment, driven by income growth, urbanization, favorable demographics, technology, and evolving attitudes, with a focus on inclusive and responsible consumption for a projected 1.4 billion population by 2030.
(Generated with the help of GPT-4)
| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: | World Economic Forum |
| Authors: | Amarnath M, Dhruv Bathla, Eric Almquist, Ishita Mehta, Karen Harris, Mike Booker, Nikhil Prasad Ojha, Radhika Sridharan, Richard Hatherall, Yaquta Mandviwala |
| Time horizon: | 2030 - 2035 |
| Geographic focus: | India |
| Page count: | 36 |
Methods
The research methodology includes proprietary consumer surveys across urban and rural India, household immersions, macroeconomic research, and interviews with leaders across consumer business, policy, and civic society organizations.
Key Insights
The report examines India's potential as a fast-growing consumer market, projecting a shift towards a middle-class economy with significant opportunities in various sectors. It highlights the need for inclusive growth, addressing challenges like skill development, rural inclusion, and sustainable living to ensure equitable benefits from consumption growth.
Drivers mentioned include:
- Income growth in India
- Urbanization
- Favorable demographics
- Technology and innovation
- Evolving consumer attitudes
- Pace and nature of job creation
- Pace of bridging the regional and urban-rural growth divide
Additional Viewpoints
Categories: 2030 time horizon | 2030s time horizon | 2035 time horizon | English publication language | India geographic scope | consumer | consumer attitudes | demographics | economics | income growth | rural inclusion | sustainability | urbanization