In the next five years, India is expected to see 24 million gated community households in major cities (from 16 million in 2021), along with witnessing the growth in spend per household from the current USD 13,000-USD 14,000 to USD 19,000-USD20,000, bring the overall spend to USD 460-480 billion (2.3-2.5x of the current spend), RedSeer’s report reveals.
In that period, India will be second to the US that will have 125 million gated community households with USD 25,000 as spend per household on average. According to data provided research company RedSeer, 90-95% of the 16 million gated community households in India's major cities are now shopping online (in contrast to 40-45%of non-gated households who shop online).
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now