According to data from CSIL (Center for Light Industry Studies), India is a fast-growing market and is expected to close the year at +6% of real GDP. In 2023 India surpassed China to become the most populous country in the world, with more than 1.4 billion people. The crown may not have intrinsic value, but it symbolizes important things. According to United Nations projections, India’s population will almost certainly continue to grow for several decades, accounting for more than one-sixth of the increase in the world’s working-age population (15-64 years) between now and 2050. Moreover, 51 percent of India’s population will live in urban areas by 2047, something that will cause significant changes in the domestic market.
