India's Rising Affluent Class Reshapes Consumer Landscape, With 100 Million Projected by 2027
• Rapidly expanding "Affluent India" consumer segment projected to reach 100 million by 2027, with 12% CAGR from 2019-2023
• Significant increase in value of equities, gold, and real estate contributing to growing wealth effect
• Notable surge in stock market capitalization and retail participation in equity markets
• "Affluent India" reshaping consumption patterns across sectors like leisure, jewelry, food, healthcare
• Premium brands/products outperforming mass-market counterparts across FMCG, footwear, fashion, automotive