Indiaherald Group of Publishers P LIMITED

close save
crop image
Thu, Apr 25, 2019 | Last Updated 2:05 pm IST

Menu &Sections


India to become third largest consumer market in the world by 2030

India to become third largest consumer market in the world by 2030
India to become third largest consumer market in the world by 2030

According to sources Indian population is currently spending over Rs 15 lakh crore, or Rs 1,050 lakh crore to buy their products. Presently this will increase to Rs 4,200 lakh crore in 2030 and with this, India will become the third largest consumer market in the world. Meanwhile in the first two places, the US and China will be and India is the sixth largest economy with an average annual growth rate of 7.5% per annum.

Reportedly the most populous cities and developed thousands of rural cities will play a major role in the future consumption growth. Furthermore India's major 40 cities will create $ 1.50 trillion worth of consumer markets in 2030 and in the rural areas, basic infrastructure needs to be increased.

India to become third largest consumer market in the world by 2030

Moreover India, consumption and investment are increasing and India will continue to be the fastest growing country in the world. Perhaps the country's economic growth will be 7.3% in 2018 and 19 fiscal. Hence this will increase to 7.5% in the next two fifties and it is estimated that in the last year, China's economic growth will be 6.5% and is expected to fall to 6% in 2021.

India to become third largest consumer market in the world by 2030
5/ 5 - (1 votes)
Add To Favourite
More from author
Why AP Chief Secretary wanted to speak to all Collectors & SPs?
15 transgender persons came to vote for LS elections in Kerala
Tussle between Revenue department officials & TRS chief KCR has gone worse
Saudi Arabia beheads 37 citizens convicted of terrorism
History Maker: Pallonji Mistry - Indian Billionaire and Founder of Shapoorji Pallonji Group
AP recovers melted Gold of lost from Tirupur Crown theft
Is Jagan favoured more by punters in the state?
Death toll in Sri Lanka rises as more Tension prevails
100 Turmeric Farmers from Telangana and Tamil Nadu to contest as independent from Varanasi Constituency
Bengaluru, the cheapest Asian City!
After 14 years this Coimbatore Govt School gets power supply
Never Ever use FREE WIFI anywhere, It's pretty dangerous
Actor Dileep asks for Stay in Actress Assault case
Stampede kills 7 people in TN!
Denmark's Richest Billionaire lost his Children during Srilanka Blasts
Husband kills wife and sends photo in Whatsapp!
UNICEF & ASCI signed MoU
To the surprise of many, This Congress Leader joins TRS Party
AP to face serious financial crisis this year
Vaiko condemns terrorist attack in Srilanka
Donald Trump spoke to Sri Lankan President Maithripala Sirisena about the Bomb blasts
EVMs in AP are kept under 5 Layer Security
 JC Diwakar Reddy's sensational comments on TDP
History Maker: Rahul Bajaj - Founder the Bajaj Group
Will AP poll results bring back future for Anil Chandra Punetha?
Were Fisherman votes deliberately removed?
Unseasonal Rains hit Hyderabad
3 staff from Suresh Kallada travels Arrested for assaulting passengers - WATCH VIDEO
Police officials in Kalaburagi shut down an operation run by BJP IT cell
AMMK leader Thanga Tamilselvan had 'suspicion' about officials deployed for poll work
Did Pawan Kalyan make shocking statements against TRS Chief KCR?
#Phase3 voting underway in 14 States & UTs
Do we have Nuclear Bombs for Diwali ?? Modi bursts out
Senior MP made sensational comments about voters
87 more Bomb detonators found at Colombo Bus stand
About the author

Bharath has been the knowledge focal point for the world, As Darvin evolution formula End is the Start ... Bharath again will be the Knowledge Focal Point to the whole world. Want to hold the lamp and shine light on the path of greatness for our country Bharath.