Could India Overtake China as the Global Leader in Consumer Markets?

Quick Summary:

The speed of India’s rise in consumerism is outpacing China’s as the gap between the two countries’ markets continues to narrow.

If it wants to maintain its lead as the world’s top market, China must broaden its focus to include rural areas and cater to often-overlooked consumer bases.

Meanwhile, China needs to encourage citizens living beyond its first-tier cities, as well as in more rural areas, to spend more aggressively.

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Article Details

Author / Journalist: Sonja Cheung

Category: Business

Markets: Hong KongChinaIndiaIndonesiaPhilippinesThailand

Topics: China Commerce Digital Spending Areas India’s India Consumer Middle China’s Rural

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-17 @ 05:30:09 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 939 words

Reading Time: 6 minutes read

Sentences: 38 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 20708300

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