Indians redirect spend to travel, concerts, iPhones as Nilesh Shah flags experience-led consumption shift
Kotak MF's Nilesh Shah maps a structural shift in Indian wallets: ₹1.45 lakh crore on foreign travel, a ₹20,800 crore live events industry, and Apple India adding ₹1.2 lakh crore revenue in five years. Offsetting the boom: ₹2.87 lakh crore retail trading losses (FY22-25) and ₹53,000 crore digital fraud losses over six years.
What happened
Indian Consumer Spending · Kotak MF's Nilesh Shah highlights shifts in Indian consumer spending: ₹1.45L cr on foreign travel, ₹20,800 cr live events industry,
Key facts
- ₹1.45 lakh crore foreign travel spend
- ₹2.87 lakh crore retail trading losses FY22-25
- ₹53,000 crore digital fraud losses 6 years
- ₹1.2 lakh crore Apple India incremental revenue 5 years
- ₹20,800 crore live events industry
Why this matters
Scout M&A and partnership targets in live events, travel-tech, and premium device distribution to capture the structural wallet shift before incumbents reprice these assets.