India Included in Top 5 Consumer Markets of Asia According to BMI Research (Download PDF)

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India have reserve its spot in top five consumer markets of Asia with 6.1 % average growth in next five years which means India will be the strongest consumer for retailers. Along with India China, Sri Lanka, Vietnam and Indonesia also have included in list of Top 5 Consumer Markets of Asia a by BMI Research.

Top 5 Consumer Markets of Asia a by BMI Research

Top 5 Consumer Markets of Asia a by BMI Research

Top 5 Consumer Markets of Asia a by BMI Research

Key facts:

  • 6.2 % will be the real consumer spending growth in 2017.
  • The key factors by which consumer spending in India have been increased and will also increase consumer sectors of India in future are:

    • Increase in access to consumer credit
    • Lower inflation
    • Good regulatory environment for foreign retailers
  • As an assumption till 2021 thriving e-commerce segment of India will have growth rate in double-digit rates.
  • According to the report e-commerce such as Flipkart and Snapdeal have commanded the retailer market because of activities by foreign retailers are imitated.

About BMI Research

  • BMI Research was founded in 1984 as Business Monitor International but Fitch Group has takeover it in 2014.
Image of BMI Research

Image of BMI Research

Image of BMI Research

  • It is a research lineage which is responsible for macroeconomic, industry and financial market analysis.
  • 24 industries and 200 global markets are covered under it.
  • Its headquarter is located in London, New York city, Singapore Dubai and Pretoria.

- Published/Last Modified on: June 14, 2017

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