Brief by Shorts91 Newsdesk / 03:46pm on 21 Mar 2025,Friday Business
India is set to become the world's consumption capital, driven by rising incomes, workforce expansion, and changing household structures, according to a report by Angel One. Consumption accounts for 56% of India's GDP and is projected to double by 2034. India's savings are expected to jump 10-fold to $103 trillion by 2047, unlocking massive spending potential. Tax cuts in the union budget could boost GDP by 1%. Consumer electronics, apparel, and experiences will see the fastest growth. With more Gen Zers than the U.S. population, India’s consumption boom is set to reshape global markets.
