Aditya Birla Capital

Aditya Birla Sun Life AMC Limited

Aditya Birla Sun Life AMC Limited

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19 Dec 2023

Discretionary Consumption – A Structural Growth Opportunity

The share of discretionary items in India’s consumption basket has risen over the past two decades, but it still remains significantly below the global average. As is typical of most low-income countries, the Indian consumption basket today is dominated by food and other essentials. However, with rising per capita income, increasing urbanization and enhanced access to credit, the structural drivers are in place to further accelerate the shift towards discretionary spending. Mahesh Patil, Vinod Bhat and Kuvam Chugh, experts from our investment team take a close look at what is shaping this trend.

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