India: Three Themes Driving Growth (Franklin Templeton)

1. Rising incomes. Urban per-capita annual income will grow to US$4,700 by 2030. This will boost spending power and accelerate the switch from informal to formal retail spending.
2. Local consumption. Our team has identified three business models featuring the local Indian consumption theme: the sharing economy, service aggregation and subscription services.
3. Global supply chain diversification. This theme is expected to benefit the technology and renewable energy industries. READ MORE

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