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The experience of China and the Asian Tigers during their high-growth years shows that the share of private consumption to GDP tends to decline and then plateau out as economies get richer. That’s because GDP growth was led by drivers other than consumption. That must be so for India, too.
Discover how household expenditure in India has more than doubled over the last decade, influencing consumption patterns and preferences. Find out the key findings from the Household Consumption Expenditure Survey (HCES) 2022-23.
India Business News: Discover the future of the Indian consumption economy and the opportunities for marketers. Learn about the growing demand for premium products, quality offerings, and unique experiences. Find out how changing cultural norms and increased disposable income are reshaping consumption patterns. Explore the impact of global trends on consumer preferences and the rise of e-commerce. Stay ahead of the game with innovative strategies to capture the evolving market.
Discover the future of the Indian consumption economy and the opportunities for marketers. Learn about the growing demand for premium products, quality offerings, and unique experiences. Find out how changing cultural norms and increased disposable income are reshaping consumption patterns. Explore the impact of global trends on consumer preferences and the rise of e-commerce. Stay ahead of the game with innovative strategies to capture the evolving market.
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