Premiumisation Driving India’s Current Consumption Growth Phase: Icra
The report notes that growing aspirations are leading consumers to choose products that offer superior experiences or elevate their status
The report notes that growing aspirations are leading consumers to choose products that offer superior experiences or elevate their status
The report noted that festive season and goods and services tax (GST) rate cuts are expected to boost demand in the third quarter of the current financial year
The report notes that the forthcoming introduction of the new CPI series with a 2023-24 base year will be an important development to watch
The report notes that tax relief, GST rationalisation, proposed eighth pay commission, and healthy rural incomes are likely to support household spending
Crisil expects Indian mall operators to post 12–14 per cent revenue growth this fiscal, driven by new assets, higher occupancy and stronger retail demand.
Centre says that the GST reforms are expected to lower the tax burden on consumers, boost consumption, and provide a cushion against tariff impacts
The report explains that the overall impact on Consumer Price Index (CPI) is expected to be around 55 to 75 basis points (bps
The report notes that consumers may push forward purchases until the tax cuts are implemented
A report reveals that the fast-moving consumer goods (FMCG) industry is projected to reach USD 778 billion by 2030
On the other hand, essentials such as cleaning agents, basic food items and healthcare products continue to drive stable demand