Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Rising Discretionary Spending by India's Young Population
Dec 26, 2019

Combine India's young demographic with a large population base and we have huge future consumption potential.

The youth of today is increasing spending on discretionary items much more than non-discretionary items.

Discretionary items relate to impulse purchases like dining, entertainment, vacations, luxury goods etc.

On the other hand, spend on non-discretionary items like shelter, education has grown at a slower rate.

Rising per capita income, urbanization, rise in aspiring and affluent households has increased discretionary spends.

With India's median population age of 28 years, this megatrend is here to stay for long.

Data Source: SBI Cards Red Herring Prospectus

This Chart Of The Day was published in The 5 Minute WrapUp - You Should Ignore the Media and Focus on What You Can Control

Equitymaster requests your view! Post a comment on "Rising Discretionary Spending by India's Young Population". Click here!


Our Most Popular Charts

India's #1 Trader
Reveals His Secrets

The Secret to Increasing Your Trading Profits Today
Get this Special Report, The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms