Guest Post: In India, consumption-driven growth to scale greater heights in the coming decade

India’s consumer opportunity is anchored by household consumption and driven by increase in per capita income levels and a very large and aspirational middle-class population. If we were to consider the first two decades of this century, Indian households have added around $600 billion and $850 billion in incremental consumption spends, respectively, to reach a total consumption of $1.9 trillion in 2021. Taking a cue from this, the coming decade will unlock an even greater scale of domestic consumption-driven growth, and we will likely witness Indian consumption crossing the $4-trillion mark.