India's Home Market Growth: Forecasting USD 237 Billion by 2030
Wednesday, 18 September 2024, 05:43
Understanding India's Home Market Dynamics
India is witnessing a significant shift in its household market growth, predicted to reach USD 237 billion by 2030, as highlighted in a recent Deloitte report. The ascent of disposable incomes among consumers is influencing their preferences towards sustainable and energy-efficient appliances.
The Role of E-commerce and Digital Platforms
Digital platforms are becoming essential for retailers. The rise of omnichannel retail allows companies to effectively cater to the demands of Tier 2 and Tier 3 cities in India, enhancing their market reach.
Consumer Preferences Shaping Market Trends
- Increasing interest in sustainability.
- Demand for technology-driven solutions in household products.
- Shift towards comfort and lifestyle enhancements.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.