EVs, holidays, devices and upgrades: India’s new wealth priorities in 2025

EVs, holidays, devices and upgrades: India’s new wealth priorities in 2025

Indian customers are spending extra confidently but prudently, in line with the Deloitte Consumer Signals India Report 2025. The Financial Well-Being Index for India climbed to 110.3, outpacing the worldwide common of 103.6. At the identical time, client confidence rose by eight factors YoY, its highest since 2022. Spending intentions have surged throughout journey, automobiles, and way of life segments, supported by easing inflation pressures and steady gasoline and meals costs. About 62% of households plan larger discretionary spending within the subsequent six months, led by journey (up 11%), private electronics (up 9%), and vehicles (up 7%). Despite rising expenditure, greater than 70% of city customers proceed to save lots of as a lot or greater than earlier than the pandemic, signalling a financially assured but cautious center class.

Leisure and way of life spending are regaining momentum, with journey and hospitality rising as constant family priorities. The Vehicle Purchase Intent Index rose 6.6 factors YoY, reflecting rising demand for premium, tech-rich automobiles and electrical fashions, with 60% of consumers planning to buy Electric Vehicles (EVs). India’s Food Frugality Index additionally declined, displaying customers are transferring from cost-cutting to smarter, value-based consumption. Experts famous that India’s balanced consumption sample, combining aspiration, affordability, and sustainability, underscores a brand new period of purposeful spending. With stronger financial savings behaviour, optimistic sentiment, and supportive reforms, India continues to outperform international friends in client confidence and monetary resilience.

Disclaimer: This info has been collected via secondary analysis and IBEF is just not accountable for any errors in the identical.