Market Research Report
India Consumer & Retail
|Published by||Fitch Solutions, Inc.||Product code||329818|
|Published||Content info||44 Pages
Delivery time: 1-2 business days
|India Consumer & Retail|
|Published: September 8, 2020||Content info: 44 Pages||
Key View: Relaxation of lockdowns and movement restrictions, travel recommencing, non-essential retail and hospitality re- opening, are all being taken into account in our forecasts for India's consumer spending outlook in the short-to-medium term (2020-2024). The spread of Covid-19 globally will have an impact on Indian consumer spending in 2020. We forecast real household spending to contract by -8.1% y-o-y in 2020. Real growth in household spending will return to positive territory in 2021, as households adjust to the 'new normal'. In 2021 we project real growth of 5.0% y-o-y in household spending over the year.