India's consumer economy is growing at 12-13%, significantly faster than the overall GDP growth of 6-7%, driven by younger generations who are saving less, spending more, and increasingly borrowing to finance their consumption.
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India Is Becoming A Consumer EconomyAdded:
So we're building 20 consumer brands in India. When you see the GDP number growing at 6 to 7%, a really large component of that is consumer which is growing at 12 13%. So the Indian consumer is saving less especially the younger generation and they're spending more. Also, I would say beginning to borrow more, to spend
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