India set to become third-largest consumer market by 2030

Consumer market

Strong demographics, rising income levels and reforms are expected to support sustained and broad-based consumption growth in India over the next few years, according to a report by Bain & Co

$6 trillion – domestic consumption is expected to rise by 2030, from $1.5 trillion now

25 million – people would be lifted out of poverty

1-1.2 cr – working age people get added to population

70 cr – millennials and Gen Z people in the next decade

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40% – of Indians will be urban residents by 2030