India's Consumer Market Potential Is Constrained by Rising Inequality and Weak Purchasing Power

Challenges and Opportunities of Urbanisation in India

Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

We are a global market research company focused on industries, countries, economies and consumers worldwide. Our cross-country comparable research helps your organisation identify opportunities and develop growth strategies in countries and regions across the globe. With offices around the world, 1,200 analysts in 100 countries and market research on every key trend and driver, we give you powerful access to the real story behind consumer change.

Macroeconomics

<p>In 2016, India retained its position as the seventh largest economy globally in US$ terms, with an annual real GDP growth rate of 7.1%, the highest amongst G20 nations. This has been brought about by government efforts to enhance investor appeal, as well as dwindling oil prices that lowered the imports bill. Reforms, such as the demonetisation drive in November 2016, are part of a larger portfolio of changes. Reforms under Mr Modi’s administration will lead to a rise in foreign investment, jobs growth, and consumer spending, provided that they are implemented effectively.</p>

In 2016, India retained its position as the seventh largest economy globally in US$ terms, with an annual real GDP growth rate of 7.1%, the highest amongst G20 nations. This has been brought about by government efforts to enhance investor appeal, as well as dwindling oil prices that lowered the imports bill. Reforms, such as the demonetisation drive in November 2016, are part of a larger portfolio of changes. Reforms under Mr Modi’s administration will lead to a rise in foreign investment, jobs growth, and consumer spending, provided that they are implemented effectively.

India: Modi Reforms Boost Economic Growth