Consumer Spending/Organized Commerce
Consumer Spending/Organized Commerce
GDP is expressed in current U.S. dollars per person. Source: IMF
Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.
GDP Per Capita Over The Years
India is witnessing a dynamic change in Income Demographics
India is witnessing a dynamic change in Income Demographics
India is expected to see a sharp increase in household income.
Additional disposable income is expected to drive multifold growth in consumer discretionary categories.
Mix of Indian Retail Market
Source: Company reports, Bernstein analysis and estimates; ^Burger King DRHP (Data as of FY 2019) *Quick Service Restaurant (QSR)
Share of QSR* chains
in food service market (%)
Share of QSR* chains
in food service market (%)
Factors driving growth
Rising per capita income
Increased brand loyalty and focus on hygiene
Growth in working age population
Expansion of multi-branded outlets
Factors driving growth
Rising
per capita
income
Increased brand loyalty and focus on hygiene
Growth in working age population
Expansion of multi-branded outlets
Beneficiaries
Quick Service Restaurants
Car
Ownership
Air Travel &
Leisure Spends
Jewellery/
Accessories Retail
Branded Apparel &
Footwear Retail
Retail
Real Estate
Source: Union AMC Internal Research
Beneficiaries
Quick Service Restaurants
Car Ownership
Air Travel &
Leisure Spends
Jewellery/
Accessories Retail
Branded Apparel &
Footwear Retail
Retail
Real Estate
Source: Union AMC Internal Research