Geo-consumerism and India-China Competition: A Comparative Assessment of Consumption Data
Published March 09, 2024
This Takshashila Discussion Document offers a comparative study of India and China’s consumption trends.
Executive Summary
This discussion document offers a comparative study of India and China’s consumption trends. The study attempts to compare the size and demography of the existing consumer base and the consumption expenditure. It reveals that India’s consumption figures are disproportionately higher than China’s for the size of its economy. It also finds that a large consumer market is not a first-order factor in influencing foreign investments in a country. Nevertheless, it can significantly influence the lucrativeness of a country if the first and second-order factors cease to be a differentiating factor among India’s competitors.