India’s next consumption wave can’t be built for urban elite alone: FM Sitharaman
She said India’s next consumption boom will come from rising incomes and broader spending on healthcare, wellness and consumer durables.
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Finance Minister Sitharaman asks corporates to look beyond ‘urban elite’
India’s consumption base rests on working families across agriculture, rural construction, transport, & informal enterprise. The next phase will be driven by upward mobility into higher-income brackets with more discretionary spending.
Rising Incomes to Drive Consumption; Corporates Must Look Beyond ‘urban Elite’: FM Sitharaman
Get latest articles and stories on Business at LatestLY. India’s next phase of consumption growth will be driven by households moving into higher income groups, with rising disposable incomes accelerating spending on discretionary goods and services, Finance Minister Nirmala Sitharaman said, urging corporate leadership to look beyond the “formal urban elite.” Business News | Rising Incomes to Drive Consumption; Corporates Must Look Beyond ‘urban…
The Economic Times
Times of IndiaIndia’s next consumption wave can’t be built for urban elite alone: FM Sitharaman
Finance Minister Nirmala Sitharaman urged corporate India to look beyond affluent urban consumers. Rising incomes will drive future consumption growth across various sectors. The government is increasing public investment and strengthening digital infrastructure. Private sector participation is expanding into new areas like space and nuclear energy. Indian companies should focus on design and technology for global value chains.
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