The long-term deepening of India’s consumption  

The Data Behind the Consumer: Incomes, Assets, and Aspiration This report evaluates India’s consumption trajectory through four empirical dimensions: balance sheets, income formalisation, regional dynamics, and premiumisation. We move beyond sentiment to analyse hard data—including the tripling of high-income tax…

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The long-term deepening of India’s consumption  

The Data Behind the Consumer: Incomes, Assets, and Aspiration

This report evaluates India’s consumption trajectory through four empirical dimensions: balance sheets, income formalisation, regional dynamics, and premiumisation.

We move beyond sentiment to analyse hard data—including the tripling of high-income tax filers , the 50% rise in four-wheeler registrations , and the expansion of credit where prime-rated borrowers now make up the majority.

Discover why household net assets remain above 65% of GDP despite rising leverage  and how digital channels have driven a 9x increase in retail spending since 2020.

Download now for a rigorous, data-driven audit of the Indian consumer economy.

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