In the intricate dance of India’s economic landscape, a compelling theme has emerged for equity investors - the rise of premiumization. Beyond a mere trend, it represents a strategic response to evolving consumer aspirations, a burgeoning youth demographic, and transformative shifts in economic dynamics such as income levels, working population, education and urbanization.
Let’s delve into the key pillars of the premiumization wave.
EXPLOSION IN INDIA’S MILLIONAIRE POPULATION
Despite wealth inequality concerns, India’s millionaire population is booming, expected to surge by 107% within five years, fuelled by a robust economy, a thriving stock market, and a young entrepreneurial spirit. While concentrated in major cities, this growth reflects rising income levels and changing consumption patterns, highlighting both the opportunities and challenges of India’s evolving wealth landscape.
Capgemini World Wealth Report 2023: India’s High Net Worth Individual (HNWI) population, defined as individuals with investible assets of $1 million or more, grew by 10.3% to 8,22,000 in 2022. This includes millionaires and individuals with even higher wealth.
Knight Frank Wealth Report 2023: India is expected to witness the fastest growth in the ultra-high net worth individual (UHNWIs) population (individuals with $30 million or more in net assets) globally, with a projected 34% increase between 2023 and 2027.
Diese Geschichte stammt aus der February, 2024-Ausgabe von Beyond Market.
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Diese Geschichte stammt aus der February, 2024-Ausgabe von Beyond Market.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
IMPORTANT JARGON
TRANSITIONING SFBs TO UBs: RBI’s NEW GUIDELINES - The Reserve Bank of India recently issued new guidelines outlining the transition process for Small Finance Banks (SFBs) to become Universal Banks (UBs).
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SILVER SQUEEZE
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HIGHWAY HICCUPS?
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CONTENT CONQUEST
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CAUGHT BETWEEN CAUTION AND GROWTH
RBI's draft on project financing seems to be a pre-emptive measure to prevent large defaults on infrastructure loans. However, in their current form, the requirements look onerous for banks
HOT OR HYPE?
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