Indians' ₹1.45L cr foreign travel spend now dwarfs building materials industry: Kotak MF's Nilesh Shah
Nilesh Shah flags a structural rewiring of Indian wallets: outbound travel (₹1.45L cr) tops entire building materials sector, Apple India added ₹1.2L cr in 5 years, and live events (₹20,800 cr) are eating into footwear and wardrobe budgets as experiences replace goods.
What happened
Kotak Mutual Fund · Kotak MF's Nilesh Shah flags shifts in Indian consumption: foreign travel spend (₹1.45L cr) exceeds building materials industry, Apple India
Key facts
- ₹1.45 lakh crore foreign travel spend
- ₹2.87 lakh crore retail trader losses FY22-25
- ₹53,000 crore digital fraud 6yrs
- ₹1.2 lakh crore Apple India revenue add 5yrs
- ₹20,800 crore live events industry
Why this matters
Scout bolt-on targets in outbound travel services, ticketing/live events, and premium consumer tech where ₹1L cr+ flows are forming new defensible category leaders.