Consumer Behaviour In Indian Market Ten trends that are altering consumer behavior in india. october 15, 2019. by nimisha jain, kanika sanghi, and ankur jain. trisha and samir, a married couple in their early 30s, grew up in typical middle class indian households. 1 their circumstances as children were modest, and their families were extremely cautious with spending: the adults. The covid 19 pandemic has brought about significant changes in consumer behavior in india. the digital revolution has altered the way people shop and interact, leading to a surge in e commerce and mobile payment app usage. health and hygiene have become a top priority, with consumers choosing products that promote personal safety and well being.
Indian Consumer Behaviour By 2030, 80% of households will be middle income, compared to 50% today. this growing middle class is expected to drive consumer spending – buying more and buying better. access to credit also plays a key role. household debt stands at 15.7% of gdp – low for an emerging market. however, the level of debt doubled in 2017. Moreover, consumer behavior is influenced by the perceived value of money. even for luxury products , indian consumers are well informed and seek to obtain a reasonable value. Demystifying the indian consumer behaviour e commerce to transform the consumer market landscape in the retail segment, there is a visible transition towards the e commerce and digital platforms, and contactless retail formats, such as buy online pick up in store (bopis). e commerce is picking up as consumers prefer touchless transactions and are. Transient behaviorial changes gained significant traction early in the pandemic but didn’t stick. for example, in early 2020, when indian consumers first faced lockdowns, demand for online fitness and hobby classes and do it yourself grooming surged. but interest dropped off sharply as covid 19 cases declined and lockdowns eased—and it has.
Indian Consumer Behaviour Demystifying the indian consumer behaviour e commerce to transform the consumer market landscape in the retail segment, there is a visible transition towards the e commerce and digital platforms, and contactless retail formats, such as buy online pick up in store (bopis). e commerce is picking up as consumers prefer touchless transactions and are. Transient behaviorial changes gained significant traction early in the pandemic but didn’t stick. for example, in early 2020, when indian consumers first faced lockdowns, demand for online fitness and hobby classes and do it yourself grooming surged. but interest dropped off sharply as covid 19 cases declined and lockdowns eased—and it has. This survey aimed to capture the nuances of consumer behaviour, particularly amid economic uncertainties and changing priorities that characterise the current market landscape. our primary objective was to analyse spending behaviour for fy24 and compare it with respondents’ intentions for fy25 across various consumer categories. Source: bcg analysis. note: percentages reflect the average adoption of all ten trends. 1annual household income: elite = greater than $30,800; affluent = $15,400 to $30,800; aspirers = $7,700 to $15,400; next billion = $2,300 to $7,700. the income bands reflect a conversion rate of $1 = ₹65.
Demystifying Indian Consumer Behaviour Indian Retailer This survey aimed to capture the nuances of consumer behaviour, particularly amid economic uncertainties and changing priorities that characterise the current market landscape. our primary objective was to analyse spending behaviour for fy24 and compare it with respondents’ intentions for fy25 across various consumer categories. Source: bcg analysis. note: percentages reflect the average adoption of all ten trends. 1annual household income: elite = greater than $30,800; affluent = $15,400 to $30,800; aspirers = $7,700 to $15,400; next billion = $2,300 to $7,700. the income bands reflect a conversion rate of $1 = ₹65.
Comments are closed.