India’s US $ 2 trillion economy has emerged as the fastest growing major economy in the world (IMF) as well as the seventh largest in the world.
India is expected to be one of the top three economic powers of the world over the next 10-15 years.
Indian consumption could grow 6.7% (FY 2015- 20) and 7.1% (FY 2021-25).
With the youngest working population in the world, India’s consumption story will be huge in the next 20 years, driven by its 440 million millennials and 390 million Gen Z.
India's per capita GDP, on purchasing power parity (PPP) has increased to US $ 7,170 in 2017, (IMF).
India’s economic growth & rising household incomes are expected to increase consumer spending to US $ 3.6 trillion by 2020.
India is one of the fastest growing in terms of Digital adoption. According to McKinsey Global Institute (MGI), India's Digital Index rose by 56% during 2014-17, from 18 to 29 on a scale of 1-100. This placed India second in terms of growth among 17 emerging and mature Digital economies.
India to become 5th largest consumer durables market in the world with growth at 13% CAGR to reach US $ 46.54 billion by 2020.
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