Deloitte India's Future of Retail report predicts experiential spending surge in 2024 due to value-conscious Indian consumers.
Deloitte India's Future of Retail report predicts a surge in experiential spending in 2024, as Indian consumers shift towards value-conscious purchases and local innovation. FMCG sectors such as beauty products, personal care, consumer electronics, and consumer durables may face growth tempering due to high post-pandemic purchases creating a high base for FY25. Consumers are increasingly seeking experiences and value, indicating potential growth for aviation and hotel industries, while premium products experience outpaced growth compared to entry-level products.
June 25, 2024
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