India’s Generation X is stepping into the consumption spotlight, ready to infuse over $500 billion into the economy by fiscal 2030. Born 1965-1980, this group prioritizes premium purchases, per Redseer’s comprehensive analysis. Expect a wave of sophisticated spending across sectors.
Per capita consumption’s upward trajectory powers the forecast. Healthcare spend balloons to $73 billion at 17% CAGR, while nutraceuticals chase $20 billion on 25% growth—highlighting a results-oriented wellness revolution.
Beauty and personal care climb to $8 billion, ditching trends for treatments that deliver. Travel gets a luxury makeover: slower paces, comfort-focused, with 25% yearly rises in boutique and alternative stays. Five-star hotels and premium flights seal their vacation vibe.
Education for offspring is non-negotiable. Urban parents drop INR 10-20 lakh per kid annually, snapping up Cambridge, IB, and global programs.
Redseer Partner Mrigank Gutgutia sums it up: ‘Undervalued yet potent, Gen X is financially sound, digitally adept, and values-clear. They invest wisely in peak health, deep travel experiences, refined homes, and quality durables.’
Parallel reports predict salaried classes boosting consumer durables to INR 3 trillion by 2029 via 11% CAGR. Gen X’s premium pivot promises transformative growth—opportunities abound for attuned businesses.