India Set to Emerge as the World’s Consumption Capital: Report

Mar 22, 2025 Komal Das

India is set to lead global consumption, with 56% of GDP driven by a growing consumer base and nuclear family trends

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India's savings are set to rise to USD 103 trillion by 2047, with tax cuts boosting consumption and potentially increasing GDP by 1%

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The report suggests India will follow the US and China, with discretionary consumption outpacing non-discretionary spending during growth

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The report forecasts a 10X rise in India's consumption, driven by electronics, apparel, accessories, and experiences

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With 92% of retail through Kirana stores, modern retail has major growth potential. By 2035, Gen Z will drive half of all spending

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