New Delhi, April 25 -- India's online consumer expenditure is forecasted to more than double from USD 140 billion to USD 300 billion by 2030, according to a report titled What If…We Win? by venture capital firm Elevation Capital.
This surge in consumer spending is projected against the backdrop of a thriving Indian start-up ecosystem and a promising economic outlook, with the country's GDP per capita expected to soar to USD 5,200 by 2031.
The report highlights that India's top 2 per cent, or roughly 5 million households, will witness a significant increase in their pool of discretionary expenditures, rising from the current USD 40 billion to USD 100 billion over the coming decade.
Elevation Capital has identified several key ca...