India's consumer market set to become the world's third largest by 2027, behind the U.S. and China
Publishing timestamp: 2023-09-06 20:40:44
Summary
India's consumer market is projected to become the world's third largest by 2027, driven by the rise in middle to high-income households. The country's household spending per capita is expected to outpace other developing Asian economies. Urbanization and a large youth population are contributing factors, and companies like Apple and Samsung are capitalizing on the growth by opening retail stores.
Sentiment: MIXED
Keywords: business news, retail industry, asia economy, consumerism, apple inc, india, samsung electronics co ltd,