India's consumer market to surge 46% by 2030, becoming the world's second-largest at $4.3 trillion.

India's consumer market is set to grow by 46% by 2030, becoming the world's second-largest, driven by rising incomes, a young workforce, and rapid urbanization. Consumer spending is expected to reach USD 4.3 trillion by 2030 from USD 2.4 trillion in 2024, fueled by an expanding middle and upper-middle-income population. Factors such as increased women's participation in the labor force and urbanization are reshaping consumption patterns, with the quick commerce sector and rural demand for consumer durables set to expand.

2 months ago
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