New Delhi, June 22 -- Spending by Indian consumers on experiences such as recreational and cultural activities, restaurants, hotels and travel is expected to grow faster than spending on physical goods between 2025 and 2030, according to a report by CBRE.

The report said changing consumer preferences, particularly among younger generations, are driving a shift towards experience-led spending across the country.

According to the report, household expenditure on physical goods is projected to grow at a compound annual growth rate (CAGR) of 9.1 per cent between 2025 and 2030. In comparison, broader experiential spending is expected to expand at a faster CAGR of 10.3 per cent during the same period.

It stated, "Growth in spending on experi...