Why are Indians spending so much? | Decoding India’s Retail Sector Boom

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India's consumer landscape has undergone a significant transformation, with increased spending and a growing affinity for premium products. Our lifestyles have taken a sharp right! The middle class is becoming more affluent and with the rise in their numbers, the demand for different products is rising too! They are consuming more products, exploring more brands, and preferring local Indian brands with sustainability as one of their top priorities. So, what does this mean for India’s economy?

Well, India’s online retail sector has been booming because of the change in consumption patterns and Internet is a major reason behind it. India could become the 3rd largest online retail market by 2030 if the trends continue.

So, where do you spend your money? Track all your spending easily with just a simple tap on INDmoney. Stay updated on your spending habits and make informed decisions with INDmoney.

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