💨 Abstract

The report by Angel One predicts that India will become the world's consumption capital, outpacing major economies, as consumption in India, which currently accounts for 56% of its GDP and is the fastest-growing segment, is projected to double by 2034. This growth is driven by a rapidly increasing consumer base, nuclear family trends, and a significant rise in household growth. India is also set to lead in global workforce growth.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖