Why India

  • 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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