India’s E-commerce market to reach $325 billion, consumer spending grows at 8.7%, reveals Deloitte report

India’s consumer spending is growing rapidly, driven by rising incomes, urbanisation, and easier access to credit. With private consumption increasing at 7.3% in FY24 and per capita income crossing $2,600, people are spending more on non-essential items like fashion, food, and wellness, as per Deloitte’s ‘India’s changing Discretionary Spending’ report . By 2030, discretionary spending is expected to grow at an annual rate of 8.7%, with rural areas seeing slightly faster growth than urban centers.