NewsVoir
Pune (Maharashtra) [India], October 3: India's consumption patterns have been evolving, shaped by factors such as income growth, urbanisation, and changing lifestyles. The expanding middle class is often viewed as an important part of this trend, influencing demand across a wide range of goods and services. For investors, recognising this development within the broader context of structural changes may provide perspective on potential long-term themes.
Source: Rising to a Billion: How India's Middle Class is Shaping Tomorrow by Rediffusion Consumer Lab
Understanding megatrend investing
Megatrends are large, structural shifts that reshape economies and societies over decades. These include demographic change, urbanisation, technological progress, sustainability, and rising cons