Future of Consumption in Fast-Growth Consumer Markets: India
This report examines India's dynamic consumption environment, projecting a rise in middle-class and high-income segments, urbanization, and technological innovation driving a $6 trillion consumption opportunity 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, Mayuri Ghosh, Mike Booker, Nikhil Prasad Ojha, Radhika Sridharan, Richard Hatherall, Yaquta Mandviwala, Zara Ingilizian |
| Time horizon: | 2030 |
| Geographic focus: | India |
| Page count: | 36 pages |
Methods
The research method included proprietary consumer surveys across 5,100 households in 30 cities and towns, in-depth interviews with industry and policy leaders, and analysis of macroeconomic data and future projections.
(Generated with the help of GPT-4)
Key Insights
The report explores India's consumption landscape, anticipating a shift towards a middle-class economy with significant spending growth driven by income rise, urbanization, favorable demographics, technology, and evolving consumer attitudes. It outlines the potential for inclusive business models and policy support to ensure a positive future for over a billion consumers, while addressing challenges like employment, rural inclusion, and sustainable living.
(Generated with the help of GPT-4)
Additional Viewpoints
Categories: 2030 | 2030 time horizon | 2030s time horizon | English publication language | India geographic scope | business models | consumer attitudes | consumption | consumption growth | demographics | development | economic growth in india | economy | employment | inclusivity | income growth | india | regions | sustainability | technology | urban vs. rural | urbanization