Consumer confidence and sentiment in India is increasing, meaning that consumers will be more willing to spend their money on products and experiences, according to HT Media's 2024 Consumer Trends and Festive Insights Report, which added that consumer focus is also shifting more towards higher-value or more extravagant spending. Also Read: Elon Musk may become world's first trillionaire by 2027, followed by Gautam Adani in 2028: Report What are the key findings of HT Media's 2024 Consumer Trends and Festive Insights Report? More than 50% of HT Print and Digital readers are planning to purchase a four-wheeler, while more than 40% are considering a two-wheeler this festive season, which showcases a remarkable increase in consumer confidence. Over 70% of HT and Mint readers plan to travel internationally within the next two years, reflecting a rising aspiration for global experiences.
Also Read: India's largest wind energy project to power three million homes: NTPC Green Energy buys 370 windmills from Suzlon More than 65% of Hindustan Times & Hindustantimes.com consumers intend to buy a new smartphone this festive season, with many willing to invest between ₹ 10,000 and ₹ 50,000 for this purpose. What did the report find about luxury spending? The report also underscores the lasting allure of luxury products, with over 55% of HT and Mint readers already owning high-end items.
More than 65% of LiveHindustan.com and Hindustanreaders plan to invest in jewellery, showcasing a st.