India’s long-term consumption trends are step by step reflecting elevated prosperity, says Redseer Strategy Consultants.
The macros are greatest positioned with a GDP of $ 6.5 trillion and a retail items market dimension of $2 trillion, with the PFCE (Private Final Consumption Expenditure) at $4 trillion, stated a Redseer examine launched on Friday.
“India’s digital ecosystem is already on the gold commonplace with over 350 million lively digital cost customers, over 50 million digital-using retailers, and over 50% digital advert share,’‘ it reported.
Mrigank Gutgutia, Partner, Redseer said, despite the slowdown in the last two quarters, indicators showed signs of recovery emerging across sectors. The country’s distinctive scenario necessitated an ‘India Model’ to totally unlock the nation’s potential, he added.
“India’s long-term consumption trends are step by step reflecting elevated prosperity as client habits evolves in direction of greater classes. The nation is digitally mature, our tech stack is world-class, and the infrastructure is already in place to chart our distinctive journey this decade,’‘ he added.
