India's economy grew at an impressive 8.2% in the first quarter of 2018-19 financial year ending June 30 on the back of a strong core performance and a healthy base. The International Monetary Fund (IMF) ranks India among the top 5 fastest growing major economies of the world. Indian consumer markets – broadly bifurcated as rural and urban – are driving the country’s economy in a big way. India’s nominal year-over-year expenditure growth of 12% is more than double the anticipated global rate of 5%. In India, the consumer market stands at about $1.53 trillion and the rate at which it is growing, the country’s consumer market is en route to reach $4.0 trillion by 2025, making India the 3rd largest consumer market in the world. As the Indian market undergoes a paradigm shift due to India’s rapid economic growth and favorable demographics, it has also become a market impossible to dismiss.

Register